Tudor Investment Corp ET AL Invests $344,000 in Limbach Holdings, Inc. (NASDAQ:LMB)

Tudor Investment Corp ET AL purchased a new stake in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,027 shares of the construction company's stock, valued at approximately $344,000.

Other large investors have also recently bought and sold shares of the company. IFP Advisors Inc acquired a new stake in shares of Limbach in the 4th quarter worth approximately $37,000. US Bancorp DE purchased a new stake in Limbach during the fourth quarter worth $115,000. KLP Kapitalforvaltning AS purchased a new position in shares of Limbach in the fourth quarter valued at $154,000. Bailard Inc. acquired a new position in shares of Limbach during the 4th quarter worth $257,000. Finally, Teacher Retirement System of Texas boosted its position 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 buying an additional 172 shares in the last quarter. Hedge funds and other institutional investors own 55.85% of the company's stock.

Limbach Stock Up 2.0 %

LMB stock opened at $122.34 on Friday. Limbach Holdings, Inc. has a one year low of $47.22 and a one year high of $122.76. The stock has a market capitalization of $1.42 billion, a P/E ratio of 55.61, a PEG ratio of 2.22 and a beta of 1.08. The company has a 50 day moving average price of $84.39 and a two-hundred day moving average price of $89.05. 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 released its earnings results on Monday, May 5th. The construction company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.82. The firm had revenue of $133.11 million for the quarter, compared to the consensus estimate of $121.06 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The firm's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.69 earnings per share. As a group, sell-side analysts expect that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

Insider Activity at Limbach

In related news, Director Joshua Horowitz sold 25,400 shares of Limbach 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 owns 164,600 shares in the company, valued at approximately $12,415,778. This trade represents a 13.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on LMB. Lake Street Capital lifted their target price on shares of Limbach from $100.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Stifel Nicolaus set a $103.00 target price on Limbach in a report on Wednesday, March 12th. Finally, Roth Capital reissued a "buy" rating on shares of Limbach in a report on Wednesday. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Limbach presently has a consensus rating of "Moderate Buy" and a consensus target price of $102.67.

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.

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