Navellier & Associates Inc. Has $1.61 Million Stock Position in Limbach Holdings, Inc. (NASDAQ:LMB)

Navellier & Associates Inc. raised its stake in Limbach Holdings, Inc. (NASDAQ:LMB) by 93.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 18,760 shares of the construction company’s stock after buying an additional 9,045 shares during the period. Navellier & Associates Inc.’s holdings in Limbach were worth $1,605,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in LMB. American Capital Advisory LLC acquired a new stake in Limbach in the third quarter valued at approximately $25,000. Quest Partners LLC acquired a new stake in Limbach in the third quarter valued at approximately $207,000. Harbor Capital Advisors Inc. lifted its holdings in shares of Limbach by 6.3% during the third quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company’s stock worth $207,000 after purchasing an additional 162 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Limbach during the third quarter worth $262,000. Finally, Mraz Amerine & Associates Inc. acquired a new position in shares of Limbach during the third quarter worth $265,000. Institutional investors and hedge funds own 55.85% of the company’s stock.

Insider Buying and Selling at Limbach

In related news, Director David Richard Gaboury purchased 531 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was purchased at an average cost of $94.51 per share, with a total value of $50,184.81. Following the completion of the purchase, the director now owns 2,071 shares in the company, valued at approximately $195,730.21. This trade represents a 34.48 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 10.20% of the company’s stock.

Limbach Trading Down 3.9 %

LMB opened at $80.13 on Friday. Limbach Holdings, Inc. has a 1-year low of $38.03 and a 1-year high of $107.00. 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 company has a market cap of $903.07 million, a P/E ratio of 36.42, a price-to-earnings-growth ratio of 2.29 and a beta of 1.11. The company has a fifty day moving average price of $92.84 and a two-hundred day moving average price of $83.75.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of Limbach from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Lake Street Capital lifted their price target on shares of Limbach from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Roth Mkm lifted their target price on shares of Limbach from $67.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Stifel Nicolaus lifted their target price on shares of Limbach from $110.00 to $117.00 and gave the stock a “buy” rating in a research note on Friday, January 24th.

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.