DHK Financial Advisors Inc. Takes $399,000 Position in Limbach Holdings, Inc. (NASDAQ:LMB)

DHK Financial Advisors Inc. purchased a new position in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,364 shares of the construction company's stock, valued at approximately $399,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LMB. Teacher Retirement System of Texas boosted its stake in shares of Limbach by 5.2% during the 4th quarter. Teacher Retirement System of Texas now owns 3,453 shares of the construction company's stock valued at $295,000 after buying an additional 172 shares during the last quarter. Swiss National Bank boosted its stake in shares of Limbach by 1.0% during the 4th quarter. Swiss National Bank now owns 19,900 shares of the construction company's stock valued at $1,702,000 after buying an additional 200 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Limbach by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,818 shares of the construction company's stock valued at $498,000 after buying an additional 231 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Limbach by 1.8% during the 4th quarter. Rhumbline Advisers now owns 14,065 shares of the construction company's stock valued at $1,203,000 after buying an additional 255 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Limbach by 592.6% during the 1st quarter. Versant Capital Management Inc now owns 374 shares of the construction company's stock valued at $28,000 after buying an additional 320 shares during the last quarter. Hedge funds and other 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 stock in a transaction 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 sale, the director now directly owns 164,600 shares of the company's stock, valued at $12,415,778. This trade represents a 13.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 9.70% of the stock is currently owned by company insiders.

Limbach Stock Performance

LMB traded up $1.11 during trading hours on Friday, hitting $135.23. 169,802 shares of the stock were exchanged, compared to its average volume of 178,299. The stock has a 50-day simple moving average of $104.78 and a 200-day simple moving average of $94.91. Limbach Holdings, Inc. has a 12 month low of $48.17 and a 12 month high of $137.05. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 61.47, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57.

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 (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.82. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The firm had revenue of $133.11 million for the quarter, compared to analysts' expectations of $121.06 million. During the same period last year, the business posted $0.69 earnings per share. The firm's revenue for the quarter was up 11.9% on a year-over-year basis. Analysts anticipate that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Stifel Nicolaus increased their target price on Limbach from $130.00 to $141.00 and gave the company a "buy" rating in a research note on Monday, June 2nd. Roth Capital reiterated a "buy" rating on shares of Limbach in a research note on Wednesday, May 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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.