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

Marshall Wace LLP bought a new position in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 10,200 shares of the construction company's stock, valued at approximately $873,000. Marshall Wace LLP owned approximately 0.09% of Limbach at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of LMB. Vanguard Group Inc. grew its stake in shares of Limbach by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 604,397 shares of the construction company's stock valued at $51,700,000 after acquiring an additional 3,001 shares in the last quarter. Wasatch Advisors LP increased its stake in Limbach by 0.4% in the fourth quarter. Wasatch Advisors LP now owns 374,382 shares of the construction company's stock valued at $32,025,000 after acquiring an additional 1,546 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake 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 worth $18,525,000 after purchasing an additional 62,987 shares during the last quarter. Next Century Growth Investors LLC bought a new position in shares of Limbach in the 4th quarter valued at $13,374,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Limbach by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 85,086 shares of the construction company's stock valued at $7,278,000 after buying an additional 1,141 shares in the last quarter. Institutional investors own 55.85% of the company's stock.

Insider Activity

In related news, Director Joshua Horowitz sold 25,400 shares of Limbach stock in a transaction on 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 transaction, the director now owns 164,600 shares of the company's stock, valued at $12,415,778. This trade represents a 13.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 10.20% of the company's stock.

Limbach Trading Up 9.1 %

NASDAQ LMB traded up $9.41 during trading hours on Tuesday, reaching $112.74. The company's stock had a trading volume of 88,367 shares, compared to its average volume of 176,112. Limbach Holdings, Inc. has a 52 week low of $43.78 and a 52 week high of $114.67. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market cap of $1.31 billion, a P/E ratio of 51.44, a P/E/G ratio of 2.22 and a beta of 1.08. The firm has a fifty day simple moving average of $81.09 and a 200-day simple moving average of $88.09.

Limbach (NASDAQ:LMB - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The construction company reported $1.12 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.82. The company had revenue of $133.11 million for the quarter, compared to analyst estimates of $121.06 million. Limbach had a net margin of 5.08% and a return on equity of 20.16%. Limbach's revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.69 earnings per share. Equities analysts forecast that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LMB. Stifel Nicolaus set a $103.00 price target on shares of Limbach in a report on Wednesday, March 12th. Lake Street Capital boosted their target price 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.

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.