Man Group plc Makes New $356,000 Investment in Limbach Holdings, Inc. (NASDAQ:LMB)

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

Other hedge funds also recently made changes to their positions in the company. Teacher Retirement System of Texas grew its position in Limbach by 5.2% during the fourth quarter. Teacher Retirement System of Texas now owns 3,453 shares of the construction company's stock worth $295,000 after buying an additional 172 shares in the last quarter. Swiss National Bank grew its position in Limbach by 1.0% during the fourth quarter. Swiss National Bank now owns 19,900 shares of the construction company's stock worth $1,702,000 after buying an additional 200 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Limbach by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,818 shares of the construction company's stock worth $498,000 after buying an additional 231 shares in the last quarter. Rhumbline Advisers grew its position in Limbach by 1.8% during the fourth quarter. Rhumbline Advisers now owns 14,065 shares of the construction company's stock worth $1,203,000 after buying an additional 255 shares in the last quarter. Finally, IFP Advisors Inc purchased a new position in Limbach during the fourth quarter worth about $37,000. 55.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling 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. Corporate insiders own 10.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on LMB shares. Lake Street Capital boosted their target price on Limbach from $100.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Stifel Nicolaus set a $103.00 target price on Limbach in a research report on Wednesday, March 12th. Finally, Roth Capital restated a "buy" rating on shares of Limbach in a research report on Wednesday, May 7th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Limbach has an average rating of "Moderate Buy" and an average target price of $102.67.

Limbach Trading Up 1.3%

Shares of LMB traded up $1.61 during mid-day trading on Thursday, reaching $127.11. The company's stock had a trading volume of 197,740 shares, compared to its average volume of 177,143. Limbach Holdings, Inc. has a 52 week low of $48.17 and a 52 week high of $136.05. The stock has a market cap of $1.48 billion, a PE ratio of 57.78, a P/E/G ratio of 2.22 and a beta of 1.08. The company's fifty day moving average price is $97.34 and its two-hundred day moving average price is $93.04. 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 (NASDAQ:LMB - Get Free Report) last issued its earnings results on Monday, May 5th. The construction company reported $1.12 EPS for the quarter, topping analysts' consensus estimates 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 quarter last year, the company earned $0.69 EPS. The firm's revenue was up 11.9% compared to the same quarter last year. On average, analysts predict that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

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.