Moran Wealth Management LLC Purchases Shares of 6,848 Limbach Holdings, Inc. (NASDAQ:LMB)

Moran Wealth Management LLC acquired a new position in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 6,848 shares of the construction company's stock, valued at approximately $510,000. Moran Wealth Management LLC owned about 0.06% of Limbach at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Next Century Growth Investors LLC bought a new stake in shares of Limbach during the 4th quarter valued at $13,374,000. First Trust Advisors LP raised its position in shares of 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 acquiring an additional 129,869 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Limbach by 41.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 216,567 shares of the construction company's stock valued at $18,525,000 after buying an additional 62,987 shares during the period. Silvercrest Asset Management Group LLC bought a new stake in shares of Limbach in the 4th quarter valued at $5,041,000. Finally, Thames Capital Management LLC bought a new stake in shares of Limbach in the 4th quarter valued at $4,481,000. Institutional investors own 55.85% of the company's stock.

Insider Buying and Selling

In related news, insider Jay Sharp sold 2,000 shares of the business's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $137.49, for a total transaction of $274,980.00. Following the transaction, the insider now directly owns 69,877 shares in the company, valued at approximately $9,607,388.73. The trade was a 2.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on LMB shares. Stifel Nicolaus upped their price objective on shares of Limbach from $130.00 to $141.00 and gave the company a "buy" rating in a research report on Monday, June 2nd. Roth Capital restated a "buy" rating on shares of Limbach in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $115.33.

Limbach Stock Up 1.8%

NASDAQ LMB traded up $2.51 on Friday, reaching $139.39. The company had a trading volume of 279,236 shares, compared to its average volume of 182,992. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 49.96, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21. 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 1-year low of $48.17 and a 1-year high of $144.00. The company's fifty day moving average is $123.17 and its 200-day moving average is $98.98.

Limbach (NASDAQ:LMB - Get Free Report) last announced its earnings results on Monday, May 5th. The construction company reported $1.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.82. The firm had revenue of $133.11 million during the quarter, compared to analyst estimates of $121.06 million. Limbach had a net margin of 6.29% and a return on equity of 27.66%. The company's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.69 EPS. On average, research analysts forecast 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.