BNP Paribas Financial Markets Sells 3,809 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

BNP Paribas Financial Markets lessened its stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 72.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,467 shares of the construction company's stock after selling 3,809 shares during the period. BNP Paribas Financial Markets' holdings in Limbach were worth $125,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. US Bancorp DE bought a new position in shares of Limbach in the fourth quarter valued at approximately $115,000. Charles Schwab Investment Management Inc. raised its stake in shares of Limbach by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 85,086 shares of the construction company's stock worth $7,278,000 after acquiring an additional 1,141 shares in the last quarter. Stifel Financial Corp purchased a new position in shares of Limbach during the fourth quarter worth approximately $441,000. Comerica Bank raised its stake in shares of Limbach by 727.4% during the fourth quarter. Comerica Bank now owns 695 shares of the construction company's stock worth $59,000 after acquiring an additional 611 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Limbach by 1.8% in the fourth quarter. Rhumbline Advisers now owns 14,065 shares of the construction company's stock worth $1,203,000 after buying an additional 255 shares during the period. Institutional investors own 55.85% of the company's stock.

Insider Buying and Selling

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $75.43, for a total value of $1,915,922.00. Following the completion of the transaction, the director now directly 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 document filed with the SEC, which is available through the SEC website. 9.70% of the stock is currently owned by insiders.

Limbach Stock Performance

LMB traded up $4.94 during midday trading on Monday, hitting $133.16. 122,968 shares of the company traded hands, compared to its average volume of 177,677. 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 market capitalization of $1.55 billion, a PE ratio of 60.53, a price-to-earnings-growth ratio of 2.22 and a beta of 1.08. The company's 50-day moving average is $99.09 and its 200 day moving average is $93.55. Limbach Holdings, Inc. has a 52 week low of $48.17 and a 52 week high of $136.05.

Limbach (NASDAQ:LMB - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The construction company reported $1.12 EPS for the quarter, beating 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 analyst estimates of $121.06 million. During the same quarter in the prior year, the firm earned $0.69 EPS. The business's revenue for the quarter was up 11.9% compared to the same quarter last year. On average, research analysts expect that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on LMB shares. Stifel Nicolaus lifted their target price on shares of Limbach from $130.00 to $141.00 and gave the stock a "buy" rating in a research note on Monday. Roth Capital restated a "buy" rating on shares of Limbach in a report on Wednesday, May 7th. Finally, Lake Street Capital upped 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $115.33.

About Limbach

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.