Moody Aldrich Partners LLC Sells 14,779 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

Moody Aldrich Partners LLC reduced its position in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 28.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,007 shares of the construction company's stock after selling 14,779 shares during the quarter. Moody Aldrich Partners LLC owned about 0.32% of Limbach worth $2,756,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LMB. Vanguard Group Inc. increased its holdings in shares of Limbach by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 604,397 shares of the construction company's stock valued at $51,700,000 after acquiring an additional 3,001 shares in the last quarter. Wasatch Advisors LP increased its stake in Limbach by 0.4% during the 4th quarter. Wasatch Advisors LP now owns 374,382 shares of the construction company's stock valued at $32,025,000 after purchasing an additional 1,546 shares in the last quarter. First Trust Advisors LP increased its stake in Limbach by 67.5% during the 4th quarter. First Trust Advisors LP now owns 322,396 shares of the construction company's stock valued at $27,578,000 after purchasing an additional 129,869 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in 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 buying an additional 62,987 shares during the last quarter. Finally, Bessemer Group Inc. bought a new position in shares of Limbach in the first quarter valued at $11,705,000. Institutional investors own 55.85% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LMB. Stifel Nicolaus boosted their target price on shares of Limbach from $141.00 to $151.00 and gave the stock a "buy" rating in a research report on Wednesday. Roth Capital reissued a "buy" rating on shares of Limbach in a report on Wednesday, May 7th. Finally, Lake Street Capital raised their target price on Limbach from $125.00 to $156.00 and gave the company a "buy" rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Limbach presently has an average rating of "Moderate Buy" and an average target price of $129.00.

Insider Buying and Selling

In other Limbach news, insider Jay Sharp sold 2,000 shares of the business's stock in a transaction on 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 owned 69,877 shares of the company's stock, valued at approximately $9,607,388.73. The trade was a 2.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.70% of the company's stock.

Limbach Stock Performance

NASDAQ LMB opened at $149.39 on Friday. The company has a fifty day moving average price of $127.51 and a 200-day moving average price of $100.30. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 53.54, a PEG ratio of 2.77 and a beta of 1.19. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.55 and a quick ratio of 1.55. Limbach Holdings, Inc. has a 1 year low of $48.17 and a 1 year high of $154.05.

Limbach (NASDAQ:LMB - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The construction company reported $1.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.82. The business had revenue of $133.11 million during the quarter, compared to the consensus estimate of $121.06 million. Limbach had a net margin of 6.29% and a return on equity of 27.66%. The firm's quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 EPS. As a group, equities research analysts predict that Limbach Holdings, Inc. will post 2.54 EPS 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.

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