Saturna Capital Corp Lowers Stake in Limbach Holdings, Inc. (NASDAQ:LMB)

Saturna Capital Corp reduced its position in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 20.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,844 shares of the construction company's stock after selling 1,960 shares during the quarter. Saturna Capital Corp owned approximately 0.07% of Limbach worth $584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Segall Bryant & Hamill LLC increased its position in Limbach by 22.2% in the first quarter. Segall Bryant & Hamill LLC now owns 124,178 shares of the construction company's stock worth $9,248,000 after buying an additional 22,534 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Limbach by 635.1% in the first quarter. New York State Common Retirement Fund now owns 23,363 shares of the construction company's stock worth $1,740,000 after acquiring an additional 20,185 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Limbach by 35.0% in the first quarter. Envestnet Asset Management Inc. now owns 76,541 shares of the construction company's stock worth $5,700,000 after acquiring an additional 19,854 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Limbach by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 26,718 shares of the construction company's stock worth $1,990,000 after acquiring an additional 519 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Limbach by 7.5% in the first quarter. Principal Financial Group Inc. now owns 13,873 shares of the construction company's stock worth $1,033,000 after acquiring an additional 963 shares during the period. 55.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LMB. Roth Capital reissued a "buy" rating on shares of Limbach in a research note on Wednesday, May 7th. Stifel Nicolaus lifted their price objective on Limbach from $151.00 to $163.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Finally, Lake Street Capital lifted their price objective on Limbach from $125.00 to $156.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $133.00.

Limbach Stock Down 0.8%

Shares of NASDAQ:LMB traded down $1.08 during trading on Friday, hitting $138.73. The stock had a trading volume of 317,310 shares, compared to its average volume of 181,224. Limbach Holdings, Inc. has a 12 month low of $48.17 and a 12 month high of $154.05. The company has a market capitalization of $1.61 billion, a PE ratio of 49.72, a PEG ratio of 2.64 and a beta of 1.19. The firm's fifty day moving average is $136.42 and its 200 day moving average is $104.83. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.15.

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. Limbach had a return on equity of 27.66% and a net margin of 6.29%. The business had revenue of $133.11 million for the quarter, compared to the consensus estimate of $121.06 million. During the same period last year, the business posted $0.69 EPS. The company's revenue was up 11.9% compared to the same quarter last year. Analysts anticipate that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jay Sharp sold 2,000 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $137.49, for a total value of $274,980.00. Following the transaction, the insider directly owned 69,877 shares in the company, valued at $9,607,388.73. The trade was a 2.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.