Janus Henderson Group PLC Has $2.15 Million Stake in Limbach Holdings, Inc. (NASDAQ:LMB)

Janus Henderson Group PLC raised its stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 470.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,100 shares of the construction company's stock after purchasing an additional 20,700 shares during the period. Janus Henderson Group PLC owned 0.22% of Limbach worth $2,146,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of LMB. Moody Aldrich Partners LLC acquired a new stake in Limbach during the 4th quarter worth about $4,430,000. US Bancorp DE acquired a new stake in Limbach during the 4th quarter worth about $115,000. JPMorgan Chase & Co. grew its holdings in Limbach by 15.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,194 shares of the construction company's stock worth $393,000 after acquiring an additional 699 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Limbach by 1.4% during 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 during the period. Finally, Balyasny Asset Management L.P. acquired a new stake in Limbach during the 4th quarter worth about $223,000. 55.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LMB has been the subject of a number of recent analyst reports. Stifel Nicolaus set a $103.00 price target on Limbach in a report on Wednesday, March 12th. Roth Capital reiterated a "buy" rating on shares of Limbach in a report on Wednesday, May 7th. Finally, Lake Street Capital increased their price target on Limbach from $100.00 to $125.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. One investment 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, Limbach has an average rating of "Moderate Buy" and an average price target of $102.67.

Limbach Stock Up 5.4%

Shares of LMB traded up $6.85 during trading hours on Tuesday, hitting $134.80. The stock had a trading volume of 356,359 shares, compared to its average volume of 176,592. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a 50 day simple moving average of $96.49 and a 200-day simple moving average of $92.81. The firm has a market capitalization of $1.57 billion, a P/E ratio of 61.27, a price-to-earnings-growth ratio of 2.22 and a beta of 1.08. Limbach Holdings, Inc. has a 1-year low of $48.17 and a 1-year high of $136.05.

Limbach (NASDAQ:LMB - Get Free Report) last issued its earnings results on Monday, May 5th. The construction company reported $1.12 EPS for the quarter, beating the consensus estimate of $0.30 by $0.82. The company 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 20.16% and a net margin of 5.08%. The firm's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the business posted $0.69 EPS. Sell-side analysts predict that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling at Limbach

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of Limbach stock in a transaction dated Friday, March 14th. The stock was 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 owns 164,600 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. Company 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.