Segall Bryant & Hamill LLC increased its position in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 22.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,178 shares of the construction company's stock after acquiring an additional 22,534 shares during the period. Segall Bryant & Hamill LLC owned approximately 1.07% of Limbach worth $9,248,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of LMB. Allspring Global Investments Holdings LLC lifted its stake in Limbach by 10.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 33,009 shares of the construction company's stock valued at $2,483,000 after buying an additional 3,034 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Limbach by 16,413.0% during the 1st quarter. GAMMA Investing LLC now owns 3,798 shares of the construction company's stock worth $283,000 after purchasing an additional 3,775 shares during the period. Teacher Retirement System of Texas grew its position in shares of Limbach by 259.3% in the first quarter. Teacher Retirement System of Texas now owns 12,408 shares of the construction company's stock valued at $924,000 after purchasing an additional 8,955 shares during the period. ProShare Advisors LLC purchased a new stake in shares of Limbach in the fourth quarter valued at $246,000. Finally, Man Group plc acquired a new position in Limbach in the fourth quarter valued at $356,000. Institutional investors and hedge funds own 55.85% of the company's stock.
Limbach Stock Down 0.8%
Shares of NASDAQ LMB traded down $1.08 during midday trading on Friday, reaching $138.73. 317,310 shares of the company's stock were exchanged, compared to its average volume of 181,224. Limbach Holdings, Inc. has a 52-week low of $48.17 and a 52-week high of $154.05. The stock has a market capitalization of $1.61 billion, a PE ratio of 49.72, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.55 and a current ratio of 1.55. The business's fifty day moving average price is $136.42 and its two-hundred day moving average price is $104.94.
Limbach (NASDAQ:LMB - Get Free Report) last announced its earnings results 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 for the quarter, compared to analyst estimates of $121.06 million. Limbach had a return on equity of 27.66% and a net margin of 6.29%. The company's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 earnings per share. Analysts forecast that Limbach Holdings, Inc. will post 2.54 EPS for the current year.
Wall Street Analyst Weigh In
Several equities analysts recently commented on LMB shares. Stifel Nicolaus upped their target price on Limbach from $151.00 to $163.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Roth Capital reaffirmed a "buy" rating on shares of Limbach in a research report on Wednesday, May 7th. Finally, Lake Street Capital increased their target price on Limbach from $125.00 to $156.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $133.00.
Read Our Latest Research Report on LMB
Insider Buying and Selling
In other news, insider Jay Sharp sold 2,000 shares of the company'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 transaction of $274,980.00. Following the completion of the transaction, the insider directly owned 69,877 shares of the company's stock, valued at approximately $9,607,388.73. This represents a 2.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 10.20% of the company's stock.
Limbach Profile
(
Free Report)
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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