Rockefeller Capital Management L.P. Acquires 62,987 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

Rockefeller Capital Management L.P. boosted its stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 41.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 216,567 shares of the construction company's stock after buying an additional 62,987 shares during the period. Rockefeller Capital Management L.P. owned approximately 1.92% of Limbach worth $18,525,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc acquired a new stake in Limbach in the 4th quarter valued at approximately $37,000. US Bancorp DE bought a new position in shares of Limbach during the 4th quarter worth approximately $115,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Limbach in the fourth quarter valued at approximately $154,000. Bailard Inc. bought a new stake in shares of Limbach in the fourth quarter worth $257,000. Finally, Sanctuary Advisors LLC acquired a new position in Limbach during the third quarter worth $262,000. Institutional investors own 55.85% of the company's stock.

Insider Buying and Selling

In related news, Director Joshua Horowitz sold 25,400 shares of the company's stock in a transaction dated 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 transaction, the director now 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 10.20% of the stock is owned by insiders.

Limbach Stock Performance

LMB stock traded up $1.44 during trading hours on Friday, reaching $86.60. The stock had a trading volume of 764,481 shares, compared to its average volume of 170,423. The stock has a 50-day simple moving average of $79.31 and a 200 day simple moving average of $87.06. Limbach Holdings, Inc. has a fifty-two week low of $38.87 and a fifty-two week high of $107.00. The stock has a market capitalization of $983.17 million, a PE ratio of 39.36, a price-to-earnings-growth ratio of 2.22 and a beta of 1.01. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on LMB shares. Stifel Nicolaus set a $103.00 price target on shares of Limbach in a research note on Wednesday, March 12th. Lake Street Capital raised their price objective on Limbach from $100.00 to $125.00 and gave the company a "buy" rating in a report 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.