Squarepoint Ops LLC Lowers Stock Position in Limbach Holdings, Inc. (NASDAQ:LMB)

Squarepoint Ops LLC lowered its stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 71.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,126 shares of the construction company's stock after selling 17,482 shares during the quarter. Squarepoint Ops LLC owned approximately 0.06% of Limbach worth $610,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in LMB. Next Century Growth Investors LLC bought a new position in Limbach during the fourth quarter valued at about $13,374,000. First Trust Advisors LP lifted its holdings in Limbach by 67.5% during the fourth 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 during the last quarter. Rockefeller Capital Management L.P. lifted 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 valued at $18,525,000 after purchasing an additional 62,987 shares during the last quarter. Silvercrest Asset Management Group LLC purchased a new stake in Limbach during the fourth quarter valued at about $5,041,000. Finally, Thames Capital Management LLC purchased a new stake in Limbach during the fourth quarter valued at about $4,481,000. Institutional investors own 55.85% of the company's stock.

Insider Transactions at Limbach

In other news, Director Joshua Horowitz sold 25,400 shares of the 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 sale, the director now directly owns 164,600 shares of the company's stock, valued at approximately $12,415,778. This represents a 13.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have 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 report on Monday. Roth Capital reaffirmed a "buy" rating on shares of Limbach in a report on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $115.33.

Limbach Price Performance

Shares of Limbach stock traded up $1.71 on Thursday, reaching $134.12. The stock had a trading volume of 139,681 shares, compared to its average volume of 177,708. Limbach Holdings, Inc. has a 1 year low of $48.17 and a 1 year high of $137.05. The company has a market cap of $1.56 billion, a P/E ratio of 60.96, a price-to-earnings-growth ratio of 2.22 and a beta of 1.08. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. The business's 50 day moving average is $102.38 and its two-hundred day moving average is $94.38.

Limbach (NASDAQ:LMB - Get Free Report) last announced its quarterly 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. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The firm had revenue of $133.11 million for the quarter, compared to the consensus estimate of $121.06 million. During the same period in the prior year, the firm posted $0.69 earnings per share. The company's revenue for the quarter was up 11.9% on a year-over-year basis. As a group, research analysts anticipate that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

About Limbach

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.