Moody Aldrich Partners LLC Decreases Stock Position in Limbach Holdings, Inc. (NASDAQ:LMB)

Moody Aldrich Partners LLC trimmed its stake in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 28.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,007 shares of the construction company's stock after selling 14,779 shares during the period. Moody Aldrich Partners LLC owned 0.32% of Limbach worth $2,756,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Bessemer Group Inc. purchased a new position in shares of Limbach in the first quarter worth about $11,705,000. Next Century Growth Investors LLC purchased a new position in shares of Limbach in the fourth quarter worth about $13,374,000. First Trust Advisors LP raised its stake 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 worth $27,578,000 after purchasing an additional 129,869 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Limbach by 41.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 216,567 shares of the construction company's stock worth $18,525,000 after purchasing an additional 62,987 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC purchased a new position in shares of Limbach in the fourth quarter worth about $5,041,000. 55.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Stifel Nicolaus raised their price objective on Limbach from $141.00 to $151.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Roth Capital reaffirmed 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 stock a "buy" rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $129.00.

Insider Buying and Selling

In other Limbach news, insider Jay Sharp sold 2,000 shares of the firm's stock in a transaction that occurred 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 sale, the insider directly owned 69,877 shares of the company's stock, valued at approximately $9,607,388.73. This trade represents a 2.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.20% of the company's stock.

Limbach Stock Performance

Limbach stock traded down $0.94 during midday trading on Monday, hitting $148.26. 171,244 shares of the company were exchanged, compared to its average volume of 183,432. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.55 and a current ratio of 1.55. Limbach Holdings, Inc. has a fifty-two week low of $48.17 and a fifty-two week high of $154.05. The business has a fifty day simple moving average of $128.65 and a two-hundred day simple moving average of $100.90. The firm has a market capitalization of $1.72 billion, a PE ratio of 53.14, a price-to-earnings-growth ratio of 2.84 and a beta of 1.19.

Limbach (NASDAQ:LMB - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $133.11 million for the quarter, compared to analyst estimates of $121.06 million. During the same period last year, the company earned $0.69 earnings per share. Limbach's quarterly revenue was up 11.9% compared to the same quarter last year. On average, sell-side analysts forecast that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

Limbach 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.