Next Century Growth Investors LLC Makes New $13.37 Million Investment in Limbach Holdings, Inc. (NASDAQ:LMB)

Next Century Growth Investors LLC bought a new stake in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 156,350 shares of the construction company's stock, valued at approximately $13,374,000. Next Century Growth Investors LLC owned about 1.39% of Limbach at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc acquired a new position in shares of Limbach during the fourth quarter worth about $37,000. US Bancorp DE acquired a new stake in shares of Limbach during the fourth quarter worth approximately $115,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Limbach in the 4th quarter valued at about $154,000. Bailard Inc. acquired a new position in shares of Limbach in the 4th quarter worth approximately $257,000. Finally, Sanctuary Advisors LLC bought a new stake in Limbach during the third quarter valued at $262,000. Hedge funds and other institutional investors own 55.85% of the company's stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LMB. Lake Street Capital increased their price target 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 report on Wednesday, March 12th.

Limbach Trading Up 2.7 %

Limbach stock traded up $2.33 during trading hours on Thursday, reaching $87.49. 232,309 shares of the company's stock traded hands, compared to its average volume of 168,642. The firm's 50 day moving average is $79.69 and its 200-day moving average is $86.77. 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 $993.27 million, a price-to-earnings ratio of 39.67, a PEG ratio of 2.22 and a beta of 1.01. Limbach Holdings, Inc. has a fifty-two week low of $38.70 and a fifty-two week high of $107.00.

Limbach (NASDAQ:LMB - Get Free Report) last posted its quarterly earnings results on Monday, March 10th. The construction company reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates 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%. The business's revenue was up .7% compared to the same quarter last year. During the same period last year, the company earned $0.68 earnings per share. On average, analysts predict that Limbach Holdings, Inc. will post 2.54 earnings per share for the current 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.