4,162 Shares in Limbach Holdings, Inc. (NASDAQ:LMB) Acquired by Man Group plc

Man Group plc purchased a new position in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,162 shares of the construction company's stock, valued at approximately $356,000.

A number of other hedge funds have also modified their holdings of the company. Next Century Growth Investors LLC bought a new position in shares of Limbach during the fourth quarter worth $13,374,000. First Trust Advisors LP boosted its position in shares of Limbach by 67.5% during the fourth quarter. First Trust Advisors LP now owns 322,396 shares of the construction company's stock worth $27,578,000 after acquiring an additional 129,869 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Limbach by 41.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 216,567 shares of the construction company's stock worth $18,525,000 after acquiring an additional 62,987 shares during the last quarter. Thames Capital Management LLC bought a new position in shares of Limbach during the fourth quarter worth $4,481,000. Finally, Moody Aldrich Partners LLC bought a new position in shares of Limbach during the fourth quarter worth $4,430,000. 55.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LMB has been the subject of several research reports. Lake Street Capital increased their price objective on shares of Limbach from $100.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Roth Capital reissued a "buy" rating on shares of Limbach in a research note on Wednesday, May 7th. Finally, Stifel Nicolaus set a $103.00 target price on shares of Limbach in a research note on Wednesday, March 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $102.67.

Limbach Trading Up 0.4%

LMB stock traded up $0.49 during trading on Friday, hitting $127.60. The company had a trading volume of 120,181 shares, compared to its average volume of 177,897. The firm has a market capitalization of $1.48 billion, a P/E ratio of 58.00, a PEG ratio of 2.22 and a beta of 1.08. Limbach Holdings, Inc. has a 52-week low of $48.17 and a 52-week high of $136.05. The company has a 50 day simple moving average of $99.09 and a 200-day simple moving average of $93.51. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14.

Limbach (NASDAQ:LMB - Get Free Report) last issued its earnings results on Monday, May 5th. The construction company reported $1.12 earnings per share (EPS) for the quarter, topping 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 company had revenue of $133.11 million for the quarter, compared to analysts' expectations of $121.06 million. During the same period in the prior year, the business earned $0.69 EPS. The firm's quarterly revenue was up 11.9% on a year-over-year basis. As a group, research analysts forecast that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Joshua Horowitz sold 25,400 shares of the firm'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 sale, the director now directly owns 164,600 shares in the company, valued at approximately $12,415,778. This trade represents a 13.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 10.20% 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.