Limbach Holdings, Inc. (NASDAQ:LMB) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP grew its position in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 67.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 322,396 shares of the construction company's stock after purchasing an additional 129,869 shares during the quarter. First Trust Advisors LP owned approximately 2.86% of Limbach worth $27,578,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of LMB. Virtu Financial LLC acquired a new position in Limbach during the third quarter worth approximately $487,000. Barclays PLC increased its holdings in shares of Limbach by 385.4% in the 3rd quarter. Barclays PLC now owns 16,879 shares of the construction company's stock valued at $1,278,000 after acquiring an additional 13,402 shares during the period. Moody Aldrich Partners LLC purchased a new stake in Limbach in the 4th quarter valued at $4,430,000. Sanctuary Advisors LLC acquired a new stake in Limbach during the 3rd quarter worth $262,000. Finally, Tidal Investments LLC purchased a new position in Limbach during the 3rd quarter worth $741,000. 55.85% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Limbach

In other news, Director Joshua Horowitz sold 25,400 shares of Limbach stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $75.43, for a total transaction of $1,915,922.00. Following the completion of the sale, the director now directly owns 164,600 shares in the company, valued at $12,415,778. The trade was a 13.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 10.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Stifel Nicolaus set a $103.00 price target on Limbach in a research note on Wednesday, March 12th. Lake Street Capital upped their price objective on shares of Limbach from $100.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th.

Limbach Price Performance

LMB stock traded up $1.15 on Thursday, reaching $96.89. 50,701 shares of the company's stock were exchanged, compared to its average volume of 173,501. The stock has a fifty day moving average of $79.85 and a 200-day moving average of $87.62. The firm has a market cap of $1.13 billion, a PE ratio of 44.26, a P/E/G ratio of 2.22 and a beta of 1.01. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14. Limbach Holdings, Inc. has a twelve month low of $43.78 and a twelve month high of $107.00.

Limbach (NASDAQ:LMB - Get Free Report) last posted its earnings results on Monday, March 10th. The construction company reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.31. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The company had revenue of $143.70 million for the quarter, compared to the consensus estimate of $149.37 million. During the same period in the previous year, the business earned $0.68 earnings per share. Limbach's quarterly revenue was up .7% compared to the same quarter last year. As a group, equities analysts predict that Limbach Holdings, Inc. will post 2.54 EPS 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.