5,159 Shares in Limbach Holdings, Inc. (NASDAQ:LMB) Bought by Stifel Financial Corp

Stifel Financial Corp acquired a new stake in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,159 shares of the construction company's stock, valued at approximately $441,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LMB. Barclays PLC increased its position in Limbach by 385.4% in the third quarter. Barclays PLC now owns 16,879 shares of the construction company's stock worth $1,278,000 after buying an additional 13,402 shares during the period. Moody Aldrich Partners LLC bought a new position in shares of Limbach in the fourth quarter valued at approximately $4,430,000. US Bancorp DE bought a new stake in shares of Limbach in the 4th quarter worth $115,000. JPMorgan Chase & Co. lifted its holdings in Limbach by 15.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,194 shares of the construction company's stock valued at $393,000 after acquiring an additional 699 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Limbach by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 85,086 shares of the construction company's stock valued at $7,278,000 after purchasing an additional 1,141 shares in the last quarter. Hedge funds and other institutional investors own 55.85% of the company's stock.

Analysts Set New Price Targets

LMB has been the subject of several research reports. Roth Capital reissued a "buy" rating on shares of Limbach in a research note on Wednesday, May 7th. Lake Street Capital boosted their target price on Limbach from $100.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Finally, Stifel Nicolaus set a $103.00 price target on shares of Limbach in a report on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $102.67.

Insider Activity at Limbach

In other news, Director Joshua Horowitz sold 25,400 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $75.43, for a total value of $1,915,922.00. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.70% of the stock is currently owned by company insiders.

Limbach Stock Performance

NASDAQ:LMB traded up $2.61 during mid-day trading on Friday, hitting $125.15. 105,637 shares of the company's stock traded hands, compared to its average volume of 177,480. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 56.89, a price-to-earnings-growth ratio of 2.22 and a beta of 1.08. The firm has a 50 day moving average of $88.36 and a two-hundred day moving average of $90.25. Limbach Holdings, Inc. has a 12 month low of $47.22 and a 12 month high of $128.17.

Limbach (NASDAQ:LMB - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The construction company reported $1.12 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 20.16% and a net margin of 5.08%. The company's revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 EPS. On average, equities analysts forecast that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

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.