State of Wyoming Purchases 676 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

State of Wyoming boosted its position in Limbach Holdings, Inc. (NASDAQ:LMB) by 6.6% in the fourth quarter, HoldingsChannel reports. The firm owned 10,879 shares of the construction company’s stock after buying an additional 676 shares during the quarter. State of Wyoming’s holdings in Limbach were worth $931,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LMB. Silvercrest Asset Management Group LLC purchased a new position in Limbach in the fourth quarter valued at about $5,041,000. ProShare Advisors LLC purchased a new position in Limbach in the fourth quarter valued at about $246,000. Man Group plc purchased a new position in Limbach in the fourth quarter valued at about $356,000. Millennium Management LLC boosted its stake in Limbach by 639.0% in the fourth quarter. Millennium Management LLC now owns 25,369 shares of the construction company’s stock valued at $2,170,000 after acquiring an additional 21,936 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Limbach by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,818 shares of the construction company’s stock valued at $498,000 after acquiring an additional 231 shares during the last quarter. 55.85% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 164,600 shares in the company, valued at $12,415,778. This represents a 13.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.70% of the stock is owned by insiders.

Limbach Stock Up 2.1%

LMB opened at $125.15 on Friday. The company has a 50 day moving average of $89.27 and a 200 day moving average of $90.65. The company has a market cap of $1.45 billion, a PE ratio of 56.89, a price-to-earnings-growth ratio of 2.22 and a beta of 1.08. Limbach Holdings, Inc. has a 12 month low of $47.42 and a 12 month high of $128.17. 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 (NASDAQ:LMB) last released its quarterly earnings data on Monday, May 5th. The construction company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.30 by $0.82. The company 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%. Limbach’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the firm earned $0.69 EPS. On average, sell-side analysts expect that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

LMB has been the topic of a number of research analyst reports. Roth Capital reiterated a “buy” rating on shares of Limbach in a research note on Wednesday, May 7th. Lake Street Capital boosted their target price 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. Finally, Stifel Nicolaus set a $103.00 price target on shares of Limbach in a research note on Wednesday, March 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $102.67.

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.