Limbach Holdings, Inc. $LMB Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lowered its stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 4.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 168,366 shares of the construction company’s stock after selling 8,715 shares during the period. Segall Bryant & Hamill LLC owned approximately 1.41% of Limbach worth $13,141,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LMB. Thrivent Financial for Lutherans lifted its stake in Limbach by 7.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 790,632 shares of the construction company’s stock worth $61,550,000 after acquiring an additional 55,511 shares in the last quarter. Royce & Associates LP grew its position in Limbach by 83.7% in the 4th quarter. Royce & Associates LP now owns 335,663 shares of the construction company’s stock valued at $26,131,000 after acquiring an additional 152,956 shares in the last quarter. UBS Group AG grew its position in Limbach by 23.7% in the 4th quarter. UBS Group AG now owns 60,874 shares of the construction company’s stock valued at $4,739,000 after acquiring an additional 11,644 shares in the last quarter. Granite Investment Partners LLC increased its stake in Limbach by 20.3% during the first quarter. Granite Investment Partners LLC now owns 110,269 shares of the construction company’s stock worth $8,606,000 after purchasing an additional 18,572 shares during the period. Finally, Neumeier Poma Investment Counsel LLC increased its stake in Limbach by 151.5% during the fourth quarter. Neumeier Poma Investment Counsel LLC now owns 318,238 shares of the construction company’s stock worth $24,775,000 after purchasing an additional 191,685 shares during the period. Hedge funds and other institutional investors own 55.85% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on LMB. Weiss Ratings lowered shares of Limbach from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Wall Street Zen lowered shares of Limbach from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $97.00.

Limbach Stock Performance

Shares of LMB opened at $71.70 on Friday. Limbach Holdings, Inc. has a 1 year low of $65.08 and a 1 year high of $141.18. The stock has a market capitalization of $854.66 million, a PE ratio of 26.07 and a beta of 1.43. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.71 and a current ratio of 1.71. The stock has a 50-day simple moving average of $77.46 and a 200-day simple moving average of $82.07.

Limbach (NASDAQ:LMB) last released its earnings results on Tuesday, May 5th. The construction company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.43. The firm had revenue of $138.86 million for the quarter, compared to analyst estimates of $134.23 million. Limbach had a net margin of 5.09% and a return on equity of 26.17%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.12 earnings per share. On average, analysts predict that Limbach Holdings, Inc. will post 4.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Limbach news, EVP Jay Sharp sold 4,871 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $79.82, for a total value of $388,803.22. Following the sale, the executive vice president directly owned 73,456 shares of the company’s stock, valued at approximately $5,863,257.92. This represents a 6.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 7.00% of the stock is owned by company insiders.

About Limbach

Limbach Holdings, Inc (NASDAQ: LMB) is a U.S.-based mechanical construction firm specializing in the design, installation and maintenance of heating, ventilation and air conditioning (HVAC) systems, piping, plumbing and sheet metal fabrication. The company delivers comprehensive mechanical solutions to commercial, institutional, health care, education, government and industrial clients, drawing on its in-house engineering, prefabrication and construction management capabilities.

The company’s service offerings encompass full-scope mechanical construction, including energy system design, direct digital controls and building automation, retrofits, testing and balancing, preventive maintenance programs and emergency response services.