Limbach Holdings, Inc. (NASDAQ:LMB) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its holdings in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 16,413.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,798 shares of the construction company's stock after acquiring an additional 3,775 shares during the period. GAMMA Investing LLC's holdings in Limbach were worth $283,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in LMB. Vanguard Group Inc. boosted its stake in Limbach by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 604,397 shares of the construction company's stock valued at $51,700,000 after acquiring an additional 3,001 shares in the last quarter. Wasatch Advisors LP lifted its holdings in shares of Limbach by 0.4% in the 4th quarter. Wasatch Advisors LP now owns 374,382 shares of the construction company's stock valued at $32,025,000 after purchasing an additional 1,546 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Limbach by 67.5% in the 4th quarter. First Trust Advisors LP now owns 322,396 shares of the construction company's stock valued at $27,578,000 after purchasing an additional 129,869 shares during the period. Rockefeller Capital Management L.P. grew its stake in Limbach by 41.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 216,567 shares of the construction company's stock worth $18,525,000 after buying an additional 62,987 shares during the last quarter. Finally, Next Century Growth Investors LLC purchased a new position in Limbach during the 4th quarter worth approximately $13,374,000. Hedge funds and other institutional investors own 55.85% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Roth Capital reiterated a "buy" rating on shares of Limbach in a research note on Wednesday, May 7th. Stifel Nicolaus upped their price target on shares of Limbach from $130.00 to $141.00 and gave the company a "buy" rating in a research report on Monday, June 2nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $115.33.

Limbach Stock Performance

LMB stock traded down $6.76 during trading on Wednesday, hitting $135.30. The company had a trading volume of 213,297 shares, compared to its average volume of 181,767. Limbach Holdings, Inc. has a 1-year low of $48.17 and a 1-year high of $144.00. The firm has a 50-day moving average price of $120.10 and a 200-day moving average price of $98.11. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.57 billion, a PE ratio of 48.49, a price-to-earnings-growth ratio of 2.68 and a beta of 1.21.

Limbach (NASDAQ:LMB - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $133.11 million during the quarter, compared to the consensus estimate of $121.06 million. Limbach had a return on equity of 27.66% and a net margin of 6.29%. The company's revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the company earned $0.69 earnings per share. On average, analysts expect that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

Insider Activity

In other news, insider Jay Sharp sold 2,000 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $137.49, for a total transaction of $274,980.00. Following the completion of the transaction, the insider now directly owns 69,877 shares of the company's stock, valued at approximately $9,607,388.73. This represents a 2.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 10.20% of the company's stock.

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.