Jupiter Topco LLC acquired a new position in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 21,913 shares of the construction company's stock, valued at approximately $1,686,000. Jupiter Topco LLC owned about 0.18% of Limbach at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Hsbc Holdings PLC bought a new position in shares of Limbach during the second quarter valued at about $443,000. Expect Equity LLC purchased a new stake in Limbach in the 2nd quarter valued at about $2,663,000. Legal & General Group Plc purchased a new stake in Limbach in the 2nd quarter valued at about $795,000. The Manufacturers Life Insurance Company bought a new position in shares of Limbach during the 2nd quarter worth approximately $230,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Limbach in the 2nd quarter worth approximately $223,000. Hedge funds and other institutional investors own 55.85% of the company's stock.
Insider Transactions at Limbach
In other Limbach news, EVP Jay Sharp sold 4,871 shares of the company's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $79.82, for a total transaction of $388,803.22. Following the sale, the executive vice president directly owned 73,456 shares of the company's stock, valued at $5,863,257.92. This represents a 6.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 7.00% of the company's stock.
Limbach Stock Performance
Shares of LMB opened at $49.55 on Friday. The firm has a market cap of $591.13 million, a PE ratio of 19.82 and a beta of 1.42. The stock's fifty day moving average price is $61.82 and its two-hundred day moving average price is $75.59. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.49 and a quick ratio of 1.49. Limbach Holdings, Inc. has a 1 year low of $40.74 and a 1 year high of $114.95.
Limbach (NASDAQ:LMB - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The construction company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.29). Limbach had a return on equity of 23.22% and a net margin of 4.42%.The firm had revenue of $173.46 million for the quarter, compared to the consensus estimate of $177.33 million. On average, equities research analysts forecast that Limbach Holdings, Inc. will post 4.17 EPS for the current year.
Analysts Set New Price Targets
A number of brokerages recently commented on LMB. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Limbach in a research report on Wednesday, August 5th. Wall Street Zen downgraded shares of Limbach from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Zacks Research downgraded shares of Limbach from a "hold" rating to a "strong sell" rating in a report on Friday, August 7th. Royal Bank Of Canada set a $50.00 price objective on shares of Limbach in a research report on Friday, August 21st. Finally, Lake Street Capital boosted their target price on shares of Limbach from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Limbach currently has a consensus rating of "Hold" and an average price target of $70.25.
Read Our Latest Stock Analysis on LMB
Limbach Profile
(
Free Report)
Limbach Holdings, Inc NASDAQ: LMB is a U.S.-based mechanical construction firm specializing in the design, installation and maintenance of heating, ventilation and air conditioning (HVAC) systems, piping, plumbing and sheet metal fabrication. The company delivers comprehensive mechanical solutions to commercial, institutional, health care, education, government and industrial clients, drawing on its in-house engineering, prefabrication and construction management capabilities.
The company's service offerings encompass full-scope mechanical construction, including energy system design, direct digital controls and building automation, retrofits, testing and balancing, preventive maintenance programs and emergency response services.
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