JPMorgan Chase & Co. Raises Stake in Limbach Holdings, Inc. (NASDAQ:LMB)

JPMorgan Chase & Co. lifted its position in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 698.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,483 shares of the construction company's stock after purchasing an additional 36,289 shares during the period. JPMorgan Chase & Co. owned about 0.37% of Limbach worth $3,548,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. IFP Advisors Inc acquired a new position in shares of Limbach in the fourth quarter valued at approximately $37,000. US Bancorp DE acquired a new position in Limbach in the 4th quarter valued at $115,000. KLP Kapitalforvaltning AS acquired a new position in Limbach in the 4th quarter valued at $154,000. Bailard Inc. purchased a new position in Limbach during the 4th quarter worth $257,000. Finally, Teacher Retirement System of Texas lifted its stake in shares of Limbach by 5.2% in the 4th quarter. Teacher Retirement System of Texas now owns 3,453 shares of the construction company's stock worth $295,000 after acquiring an additional 172 shares during the period. 55.85% of the stock is owned by institutional investors and hedge funds.

Limbach Price Performance

LMB traded down $1.16 on Friday, hitting $92.20. 66,274 shares of the company were exchanged, compared to its average volume of 173,445. The business's fifty day moving average is $79.10 and its 200 day moving average is $87.23. Limbach Holdings, Inc. has a fifty-two week low of $41.03 and a fifty-two week high of $107.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market capitalization of $1.05 billion, a P/E ratio of 41.82, a price-to-earnings-growth ratio of 2.22 and a beta of 1.01.

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

Wall Street Analysts Forecast Growth

LMB has been the topic of several recent analyst reports. Stifel Nicolaus set a $103.00 target price on Limbach in a research report on Wednesday, March 12th. Lake Street Capital increased their price objective on Limbach from $100.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th.

Insider Activity at Limbach

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

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.