Russell Investments Group Ltd. Cuts Position in Limbach Holdings, Inc. (NASDAQ:LMB)

Russell Investments Group Ltd. trimmed its position in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 25.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,289 shares of the construction company's stock after selling 24,819 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.66% of Limbach worth $6,355,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in LMB. IFP Advisors Inc purchased a new stake in shares of Limbach in the fourth quarter valued at approximately $37,000. US Bancorp DE acquired a new stake in Limbach in the 4th quarter valued at $115,000. KLP Kapitalforvaltning AS purchased a new stake in Limbach in the 4th quarter worth $154,000. Bailard Inc. acquired a new position in Limbach during the fourth quarter worth $257,000. Finally, Teacher Retirement System of Texas grew its position in shares of Limbach by 5.2% in the fourth quarter. Teacher Retirement System of Texas now owns 3,453 shares of the construction company's stock valued at $295,000 after purchasing an additional 172 shares during the period. 55.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Lake Street Capital raised their price target on shares of 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 target price on Limbach in a research report on Wednesday, March 12th.

Limbach Price Performance

Shares of NASDAQ:LMB traded up $1.44 during midday trading on Friday, hitting $86.60. The company's stock had a trading volume of 764,481 shares, compared to its average volume of 170,922. The company has a market cap of $983.17 million, a P/E ratio of 39.36, a price-to-earnings-growth ratio of 2.22 and a beta of 1.01. Limbach Holdings, Inc. has a 12-month low of $38.70 and a 12-month high of $107.00. The business's 50 day simple moving average is $79.46 and its 200 day simple moving average is $86.84. 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 issued its earnings results on Monday, March 10th. The construction company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.31. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The business had revenue of $143.70 million for the quarter, compared to analysts' expectations of $149.37 million. During the same period in the previous year, the firm posted $0.68 EPS. The business's revenue for the quarter was up .7% compared to the same quarter last year. On average, analysts forecast that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling at Limbach

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of Limbach stock in a transaction dated 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 transaction, the director now directly 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 accessible through the SEC website. 10.20% of the stock is owned by company insiders.

Limbach 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.