AllGen Financial Advisors Inc. acquired a new position in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,349 shares of the construction company's stock, valued at approximately $249,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Limbach in the 1st quarter valued at approximately $1,439,000. FAS Wealth Partners Inc. acquired a new position in Limbach during the 1st quarter worth approximately $216,000. Segall Bryant & Hamill LLC increased its position in Limbach by 22.2% during the 1st quarter. Segall Bryant & Hamill LLC now owns 124,178 shares of the construction company's stock worth $9,248,000 after purchasing an additional 22,534 shares in the last quarter. New York State Common Retirement Fund increased its position in Limbach by 635.1% during the 1st quarter. New York State Common Retirement Fund now owns 23,363 shares of the construction company's stock worth $1,740,000 after purchasing an additional 20,185 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Limbach by 35.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 76,541 shares of the construction company's stock worth $5,700,000 after purchasing an additional 19,854 shares in the last quarter. Institutional investors and hedge funds own 55.85% of the company's stock.
Insider Activity at Limbach
In related news, insider Jay Sharp sold 2,000 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $137.49, for a total value of $274,980.00. Following the completion of the transaction, the insider directly owned 69,877 shares in the company, valued at $9,607,388.73. This trade represents a 2.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 9.70% of the company's stock.
Limbach Price Performance
Shares of LMB stock traded down $4.95 during trading hours on Tuesday, reaching $118.90. The stock had a trading volume of 153,231 shares, compared to its average volume of 182,480. The stock's fifty day simple moving average is $136.42 and its 200 day simple moving average is $104.94. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.15. Limbach Holdings, Inc. has a 12 month low of $48.17 and a 12 month high of $154.05. The firm has a market capitalization of $1.38 billion, a PE ratio of 42.71, a PEG ratio of 2.64 and a beta of 1.19.
Limbach (NASDAQ:LMB - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The construction company reported $1.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.82. Limbach had a net margin of 6.29% and a return on equity of 27.66%. The firm had revenue of $133.11 million during the quarter, compared to analyst estimates of $121.06 million. During the same period in the previous year, the business posted $0.69 EPS. The business's quarterly revenue was up 11.9% on a year-over-year basis. On average, equities research analysts predict that Limbach Holdings, Inc. will post 2.54 EPS for the current year.
Wall Street Analysts Forecast Growth
LMB has been the topic of a number of recent research reports. Stifel Nicolaus lifted their price target on shares of Limbach from $151.00 to $163.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Roth Capital reissued a "buy" rating on shares of Limbach in a research note on Wednesday, May 7th. Finally, Lake Street Capital increased their target price on shares of Limbach from $125.00 to $156.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Limbach currently has a consensus rating of "Moderate Buy" and a consensus price target of $133.00.
Check Out Our Latest Analysis on LMB
Limbach Profile
(
Free Report)
Limbach Holdings, Inc operates as a building systems solution company in the United States. It operates through two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the construction and renovation projects that involve primarily include mechanical, plumbing, and electrical services.
Further Reading
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