Alpine Woods Capital Investors LLC Acquires Shares of 7,007 Limbach Holdings, Inc. (NASDAQ:LMB)

Alpine Woods Capital Investors LLC purchased a new position in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,007 shares of the construction company's stock, valued at approximately $599,000. Alpine Woods Capital Investors LLC owned approximately 0.06% of Limbach as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in LMB. Rockefeller Capital Management L.P. bought a new position in Limbach in the 3rd quarter valued at approximately $11,635,000. Royce & Associates LP lifted its position in Limbach by 35.3% in the 3rd quarter. Royce & Associates LP now owns 249,578 shares of the construction company's stock valued at $18,908,000 after acquiring an additional 65,082 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Limbach by 186.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 83,945 shares of the construction company's stock valued at $6,360,000 after acquiring an additional 54,599 shares in the last quarter. Moody Aldrich Partners LLC bought a new position in Limbach in the 4th quarter valued at approximately $4,430,000. Finally, Portolan Capital Management LLC lifted its position in Limbach by 70.5% in the 3rd quarter. Portolan Capital Management LLC now owns 123,354 shares of the construction company's stock valued at $9,345,000 after acquiring an additional 51,002 shares in the last quarter. 55.85% of the stock is owned by institutional investors.

Insider Transactions at Limbach

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of the 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 completion of the sale, the director now owns 164,600 shares in the company, valued at approximately $12,415,778. This represents a 13.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 10.20% of the stock is currently owned by company insiders.

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Limbach Stock Performance

Shares of NASDAQ:LMB traded up $0.03 during midday trading on Tuesday, hitting $75.03. The company had a trading volume of 158,325 shares, compared to its average volume of 156,805. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market cap of $851.82 million, a price-to-earnings ratio of 34.10, a PEG ratio of 2.22 and a beta of 1.18. Limbach Holdings, Inc. has a 12-month low of $38.03 and a 12-month high of $107.00. The company has a fifty day moving average of $88.95 and a two-hundred day moving average of $85.83.

Limbach (NASDAQ:LMB - Get Free Report) last posted its quarterly earnings data on Monday, March 10th. The construction company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.84 by $0.31. The firm had revenue of $143.70 million during the quarter, compared to analyst estimates of $149.37 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. Limbach's revenue was up .7% on a year-over-year basis. During the same period in the prior year, the business posted $0.68 EPS. On average, equities research analysts expect that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus set a $103.00 target price on shares of Limbach in a research note on Wednesday, March 12th. 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.

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.