Group One Trading LLC Buys 5,405 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

Group One Trading LLC raised its stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 235.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,705 shares of the construction company's stock after purchasing an additional 5,405 shares during the quarter. Group One Trading LLC owned 0.07% of Limbach worth $659,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Expect Equity LLC bought a new stake in shares of Limbach in the fourth quarter valued at about $2,110,000. Deutsche Bank AG lifted its stake in shares of Limbach by 53.3% in the fourth quarter. Deutsche Bank AG now owns 8,481 shares of the construction company's stock valued at $725,000 after buying an additional 2,949 shares during the period. Caxton Associates LP bought a new stake in shares of Limbach in the fourth quarter valued at about $292,000. Balyasny Asset Management L.P. bought a new stake in shares of Limbach in the fourth quarter valued at about $223,000. Finally, Comerica Bank lifted its stake in shares of Limbach by 727.4% in the fourth quarter. Comerica Bank now owns 695 shares of the construction company's stock valued at $59,000 after buying an additional 611 shares during the period. Institutional investors and hedge funds own 55.85% of the company's stock.

Insider Activity at Limbach

In related news, Director Joshua Horowitz sold 25,400 shares of Limbach stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $75.43, for a total transaction of $1,915,922.00. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LMB. Roth Capital reiterated a "buy" rating on shares of Limbach in a research note on Wednesday, May 7th. Stifel Nicolaus set a $103.00 price objective on shares of Limbach in a report on Wednesday, March 12th. Finally, Lake Street Capital raised their price objective on shares of Limbach from $100.00 to $125.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $102.67.

Limbach Price Performance

NASDAQ:LMB opened at $127.24 on Tuesday. The company has a 50-day moving average of $90.29 and a 200-day moving average of $91.11. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 57.84, a PEG ratio of 2.22 and a beta of 1.08. Limbach Holdings, Inc. has a 52 week low of $47.42 and a 52 week high of $128.17. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57.

Limbach (NASDAQ:LMB - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The construction company reported $1.12 earnings per share (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 the consensus estimate of $121.06 million. During the same period last year, the firm posted $0.69 EPS. The firm's quarterly revenue was up 11.9% on a year-over-year basis. As a group, equities research analysts anticipate that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

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.

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