Marshall Wace LLP Purchases Shares of 10,200 Limbach Holdings, Inc. (NASDAQ:LMB)

Marshall Wace LLP acquired a new position in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,200 shares of the construction company's stock, valued at approximately $873,000. Marshall Wace LLP owned 0.09% of Limbach at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. IFP Advisors Inc acquired a new stake in Limbach in the fourth quarter valued at $37,000. US Bancorp DE acquired a new stake in shares of Limbach during the 4th quarter worth about $115,000. KLP Kapitalforvaltning AS purchased a new stake in Limbach during the fourth quarter worth approximately $154,000. Bailard Inc. acquired a new position in Limbach in the fourth quarter valued at approximately $257,000. Finally, Teacher Retirement System of Texas boosted its holdings 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 valued at $295,000 after buying an additional 172 shares in the last quarter. 55.85% of the stock is currently owned by institutional investors and hedge funds.

Limbach Stock Performance

LMB traded up $4.37 during trading on Friday, hitting $103.20. The stock had a trading volume of 370,840 shares, compared to its average volume of 175,566. The firm has a market capitalization of $1.20 billion, a P/E ratio of 46.91, a PEG ratio of 2.22 and a beta of 1.08. The company's 50-day moving average price is $80.69 and its 200 day moving average price is $87.90. Limbach Holdings, Inc. has a twelve month low of $43.78 and a twelve month 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.

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

Wall Street Analyst Weigh In

LMB has been the subject of a number of research reports. Lake Street Capital boosted their price objective on Limbach from $100.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Stifel Nicolaus set a $103.00 price objective on shares of Limbach in a research report on Wednesday, March 12th.

Insider Activity at Limbach

In other news, Director Joshua Horowitz sold 25,400 shares of Limbach 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 completion of the sale, the director now owns 164,600 shares of the company's stock, valued at $12,415,778. The trade was a 13.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.