Tidal Investments LLC Sells 3,061 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

Tidal Investments LLC trimmed its holdings in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 31.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,725 shares of the construction company's stock after selling 3,061 shares during the period. Tidal Investments LLC owned about 0.06% of Limbach worth $575,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Moody Aldrich Partners LLC purchased a new position in shares of Limbach during the fourth quarter valued at about $4,430,000. US Bancorp DE bought a new position in Limbach during the fourth quarter valued at approximately $115,000. JPMorgan Chase & Co. grew its holdings in Limbach by 15.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,194 shares of the construction company's stock valued at $393,000 after buying an additional 699 shares in the last quarter. Man Group plc purchased a new position in Limbach during the 4th quarter valued at approximately $356,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Limbach by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 85,086 shares of the construction company's stock worth $7,278,000 after acquiring an additional 1,141 shares during the last quarter. Institutional investors own 55.85% of the company's stock.

Limbach Trading Up 0.4%

NASDAQ:LMB traded up $0.49 during midday trading on Friday, hitting $127.60. 120,181 shares of the company traded hands, compared to its average volume of 177,603. The firm has a market capitalization of $1.48 billion, a P/E ratio of 58.00, a P/E/G ratio of 2.22 and a beta of 1.08. The firm's fifty day moving average is $99.09 and its 200-day moving average is $93.50. Limbach Holdings, Inc. has a 12-month low of $48.17 and a 12-month high of $136.05. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14.

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, beating the consensus estimate of $0.30 by $0.82. The business had revenue of $133.11 million for the quarter, compared to the consensus estimate of $121.06 million. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The business's revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 earnings per share. On average, sell-side analysts predict that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

Analyst Ratings Changes

LMB has been the subject of a number of recent research reports. Stifel Nicolaus set a $103.00 target price on shares of Limbach in a report on Wednesday, March 12th. Lake Street Capital lifted their price objective on shares of Limbach from $100.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Finally, 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 issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $102.67.

Insider Buying and Selling

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $75.43, for a total value of $1,915,922.00. Following the sale, the director now owns 164,600 shares in the company, valued at $12,415,778. This trade represents a 13.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.20% of the stock is currently owned by corporate insiders.

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.