26,066 Shares in Limbach Holdings, Inc. (NASDAQ:LMB) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 26,066 shares of the construction company's stock, valued at approximately $2,230,000. Raymond James Financial Inc. owned about 0.23% of Limbach as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Teacher Retirement System of Texas increased 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 worth $295,000 after purchasing an additional 172 shares in the last quarter. Swiss National Bank increased its holdings in Limbach by 1.0% in the 4th quarter. Swiss National Bank now owns 19,900 shares of the construction company's stock worth $1,702,000 after buying an additional 200 shares in the last quarter. Rhumbline Advisers lifted its stake in Limbach by 1.8% during the 4th quarter. Rhumbline Advisers now owns 14,065 shares of the construction company's stock valued at $1,203,000 after acquiring an additional 255 shares during the period. IFP Advisors Inc purchased a new stake in shares of Limbach during the 4th quarter valued at about $37,000. Finally, Saturna Capital Corp grew its stake in shares of Limbach by 7.0% in the fourth quarter. Saturna Capital Corp now owns 9,804 shares of the construction company's stock worth $839,000 after acquiring an additional 639 shares during the period. 55.85% of the stock is currently owned by institutional investors.

Limbach Stock Performance

LMB stock traded up $11.44 during midday trading on Tuesday, reaching $114.77. 469,405 shares of the company's stock traded hands, compared to its average volume of 177,850. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. Limbach Holdings, Inc. has a 52-week low of $43.78 and a 52-week high of $118.11. The stock has a market cap of $1.33 billion, a P/E ratio of 52.17, a PEG ratio of 2.22 and a beta of 1.08. The stock's 50-day moving average is $81.82 and its 200 day moving average is $88.28.

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

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, Director Joshua Horowitz sold 25,400 shares of the firm's 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 sale, the director now directly owns 164,600 shares in the company, valued at $12,415,778. This trade represents a 13.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 10.20% of the company's stock.

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.