Group One Trading LLC Boosts Stake in Limbach Holdings, Inc. (NASDAQ:LMB)

Group One Trading LLC lifted its stake in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 235.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 about 0.07% of Limbach worth $659,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. IFP Advisors Inc bought a new stake in shares of Limbach in the 4th quarter worth approximately $37,000. Comerica Bank boosted its position in shares of Limbach by 727.4% in the 4th quarter. Comerica Bank now owns 695 shares of the construction company's stock worth $59,000 after purchasing an additional 611 shares in the last quarter. US Bancorp DE bought a new stake in shares of Limbach in the 4th quarter worth approximately $115,000. KLP Kapitalforvaltning AS bought a new stake in shares of Limbach in the 4th quarter worth approximately $154,000. Finally, Balyasny Asset Management L.P. bought a new position in Limbach in the 4th quarter valued at approximately $223,000. 55.85% of the stock is owned by institutional investors.

Limbach Stock Performance

Shares of NASDAQ LMB traded up $2.33 during midday trading on Friday, hitting $127.95. 114,942 shares of the stock traded hands, compared to its average volume of 175,870. The firm has a 50-day moving average of $94.47 and a two-hundred day moving average of $92.30. The firm has a market capitalization of $1.49 billion, a P/E ratio of 58.16, a PEG ratio of 2.22 and a beta of 1.08. 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 Holdings, Inc. has a one year low of $48.17 and a one year high of $129.40.

Limbach (NASDAQ:LMB - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The construction company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.82. The firm had revenue of $133.11 million for the quarter, compared to analysts' expectations of $121.06 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The company's revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 EPS. On average, equities analysts forecast that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Ratings Changes

LMB has been the topic of several analyst reports. Lake Street Capital upped their price objective on Limbach from $100.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Stifel Nicolaus set a $103.00 price objective on Limbach in a research report on Wednesday, March 12th. Finally, Roth Capital reaffirmed a "buy" rating on shares of Limbach in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Limbach presently has a consensus rating of "Moderate Buy" and a consensus target price of $102.67.

Insider Activity

In other news, Director Joshua Horowitz sold 25,400 shares of the company's 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 completion of the sale, 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 at this link. Insiders own 9.70% of the company's stock.

Limbach Company 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.