Limbach Holdings, Inc. (NASDAQ:LMB) Shares Acquired by Wasatch Advisors LP

Wasatch Advisors LP lifted its holdings in Limbach Holdings, Inc. (NASDAQ:LMB) by 0.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 374,382 shares of the construction company’s stock after purchasing an additional 1,546 shares during the quarter. Wasatch Advisors LP owned about 3.32% of Limbach worth $32,025,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc acquired a new position in Limbach during the 4th quarter valued at approximately $37,000. US Bancorp DE acquired a new position in shares of Limbach in the 4th quarter valued at $115,000. KLP Kapitalforvaltning AS purchased a new position in Limbach in the 4th quarter worth $154,000. Bailard Inc. acquired a new stake in Limbach during the 4th quarter worth about $257,000. Finally, Sanctuary Advisors LLC acquired a new stake in Limbach during the 3rd quarter worth about $262,000. Institutional investors and hedge funds own 55.85% of the company’s stock.

Limbach Stock Performance

NASDAQ LMB opened at $85.16 on Thursday. The firm has a market capitalization of $966.82 million, a P/E ratio of 38.71, a PEG ratio of 2.22 and a beta of 1.01. The stock has a 50-day simple moving average of $79.69 and a two-hundred day simple moving average of $86.77. 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 Holdings, Inc. has a fifty-two week low of $38.70 and a fifty-two week high of $107.00.

Limbach (NASDAQ:LMB) last announced its quarterly earnings results on Monday, March 10th. The construction company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.31. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The company had revenue of $143.70 million during the quarter, compared to analysts’ expectations of $149.37 million. During the same period last year, the business earned $0.68 earnings per share. Limbach’s quarterly revenue was up .7% on a year-over-year basis. On average, equities analysts forecast that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

Insider Activity at Limbach

In related news, Director Joshua Horowitz sold 25,400 shares of Limbach stock in a transaction dated 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 completion of the transaction, the director now owns 164,600 shares in the company, valued at $12,415,778. The trade was a 13.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 10.20% of the company’s stock.

Wall Street Analysts Forecast Growth

LMB has been the subject of several research analyst reports. Lake Street Capital raised their price objective on Limbach from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Stifel Nicolaus set a $103.00 price target on shares of Limbach in a research report on Wednesday, March 12th.

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.