2,602 Shares in Limbach Holdings, Inc. (NASDAQ:LMB) Acquired by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. purchased a new stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 2,602 shares of the construction company's stock, valued at approximately $223,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas increased its stake in shares of Limbach by 5.2% in the fourth quarter. Teacher Retirement System of Texas now owns 3,453 shares of the construction company's stock worth $295,000 after acquiring an additional 172 shares during the last quarter. Swiss National Bank grew its position in shares of Limbach by 1.0% in the fourth quarter. Swiss National Bank now owns 19,900 shares of the construction company's stock valued at $1,702,000 after purchasing an additional 200 shares during the last quarter. Rhumbline Advisers grew its position in shares of Limbach by 1.8% in the fourth quarter. Rhumbline Advisers now owns 14,065 shares of the construction company's stock valued at $1,203,000 after purchasing an additional 255 shares during the last quarter. IFP Advisors Inc acquired a new stake in Limbach during the fourth quarter worth about $37,000. Finally, MetLife Investment Management LLC grew its position in Limbach by 10.2% during the fourth quarter. MetLife Investment Management LLC now owns 6,240 shares of the construction company's stock worth $534,000 after buying an additional 578 shares in the last quarter. 55.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LMB has been the subject of a number of analyst reports. Lake Street Capital raised their price target on shares of Limbach from $100.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Roth Capital reissued a "buy" rating on shares of Limbach in a report on Wednesday, May 7th. Finally, Stifel Nicolaus set a $103.00 target price on Limbach in a report on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $102.67.

Limbach Trading Up 1.9%

LMB stock traded up $2.33 during trading on Friday, hitting $127.95. The company had a trading volume of 114,942 shares, compared to its average volume of 175,870. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average price of $94.47 and a 200-day moving average price of $92.31. Limbach Holdings, Inc. has a 12 month low of $48.17 and a 12 month high of $129.40. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 58.16, a PEG ratio of 2.22 and a beta of 1.08.

Limbach (NASDAQ:LMB - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The construction company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.82. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The firm had revenue of $133.11 million during the quarter, compared to analysts' expectations of $121.06 million. During the same quarter in the previous year, the company posted $0.69 EPS. Limbach's revenue was up 11.9% on a year-over-year basis. As a group, analysts predict that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

Insider Activity at Limbach

In related news, Director Joshua Horowitz sold 25,400 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $75.43, for a total value of $1,915,922.00. Following the completion of the sale, the director now owns 164,600 shares in the company, valued at $12,415,778. This represents a 13.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 9.70% of the stock is owned by corporate insiders.

Limbach Company Profile

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.