DHK Financial Advisors Inc. Makes New Investment in Limbach Holdings, Inc. (NASDAQ:LMB)

DHK Financial Advisors Inc. bought a new position in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,364 shares of the construction company's stock, valued at approximately $399,000.

Other institutional investors also recently modified their holdings of the company. ProShare Advisors LLC bought a new position in Limbach in the fourth quarter worth about $246,000. US Bancorp DE bought a new position in Limbach in the fourth quarter worth about $115,000. Man Group plc bought a new position in Limbach in the fourth quarter worth about $356,000. Charles Schwab Investment Management Inc. increased its stake in shares of Limbach by 1.4% in the 4th 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. Finally, Balyasny Asset Management L.P. bought a new position in shares of Limbach in the 4th quarter worth about $223,000. 55.85% of the stock is currently owned by hedge funds and other institutional investors.

Limbach Stock Down 1.5%

Shares of NASDAQ LMB traded down $2.09 on Tuesday, reaching $135.37. 400,562 shares of the company's stock traded hands, compared to its average volume of 179,990. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 61.53, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. 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 business's 50 day simple moving average is $107.24 and its two-hundred day simple moving average is $95.39. Limbach Holdings, Inc. has a 12 month low of $48.17 and a 12 month high of $138.31.

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 5.08% and a return on equity of 20.16%. The company 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 earned $0.69 EPS. The firm's revenue for the quarter was up 11.9% on a year-over-year basis. As a group, equities research analysts forecast that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of Limbach stock in a transaction that occurred 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 of the company's stock, valued at approximately $12,415,778. The trade was a 13.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 9.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Roth Capital reaffirmed a "buy" rating on shares of Limbach in a research note on Wednesday, May 7th. Stifel Nicolaus raised their target price on shares of Limbach from $130.00 to $141.00 and gave the company a "buy" rating in a research note on Monday, June 2nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $115.33.

Limbach 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.