Kings Path Partners LLC Makes New $300,000 Investment in Limbach Holdings, Inc. (NASDAQ:LMB)

Kings Path Partners LLC purchased a new stake in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 4,034 shares of the construction company's stock, valued at approximately $300,000.

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

Insider Activity at Limbach

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $75.43, for a total value of $1,915,922.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.70% of the stock is owned by corporate insiders.

Limbach Stock Performance

LMB stock traded down $0.62 during mid-day trading on Tuesday, hitting $132.54. 108,918 shares of the company were exchanged, compared to its average volume of 177,436. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. Limbach Holdings, Inc. has a 1-year low of $48.17 and a 1-year high of $136.92. The business has a 50 day simple moving average of $100.13 and a 200-day simple moving average of $93.83. The stock has a market capitalization of $1.54 billion, a PE ratio of 60.25, a price-to-earnings-growth ratio of 2.22 and a beta of 1.08.

Limbach (NASDAQ:LMB - Get Free Report) last released its 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 business had revenue of $133.11 million for the quarter, compared to analyst estimates of $121.06 million. During the same quarter in the previous year, the business earned $0.69 earnings per share. Limbach's revenue for the quarter was up 11.9% on a year-over-year basis. On average, equities analysts forecast that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LMB. Roth Capital reiterated a "buy" rating on shares of Limbach in a report on Wednesday, May 7th. Stifel Nicolaus boosted their price target on Limbach from $130.00 to $141.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Lake Street Capital upped their target price on Limbach from $100.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $115.33.

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.