American Century Companies Inc. Sells 34,277 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

American Century Companies Inc. cut its holdings in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 19.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 141,959 shares of the construction company's stock after selling 34,277 shares during the quarter. American Century Companies Inc. owned 1.26% of Limbach worth $12,143,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Teacher Retirement System of Texas lifted its stake in shares of Limbach by 5.2% in the 4th quarter. Teacher Retirement System of Texas now owns 3,453 shares of the construction company's stock valued at $295,000 after acquiring an additional 172 shares during the last quarter. Swiss National Bank lifted its position in Limbach by 1.0% in the fourth quarter. Swiss National Bank now owns 19,900 shares of the construction company's stock valued at $1,702,000 after purchasing an additional 200 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Limbach by 1.8% during the fourth quarter. Rhumbline Advisers now owns 14,065 shares of the construction company's stock valued at $1,203,000 after purchasing an additional 255 shares during the period. IFP Advisors Inc bought a new position in shares of Limbach in the fourth quarter worth approximately $37,000. Finally, Saturna Capital Corp increased its stake in shares of Limbach by 7.0% in the fourth quarter. Saturna Capital Corp now owns 9,804 shares of the construction company's stock worth $839,000 after buying an additional 639 shares during the period. 55.85% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Insider Activity

In related news, Director Joshua Horowitz sold 25,400 shares of Limbach 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 of the company's stock, valued at $12,415,778. The trade was a 13.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 10.20% of the company's stock.

Limbach Stock Down 5.3 %

Limbach stock traded down $3.88 during trading hours on Friday, hitting $69.30. The stock had a trading volume of 297,238 shares, compared to its average volume of 165,212. The stock's 50-day moving average price is $83.40 and its 200-day moving average price is $86.90. Limbach Holdings, Inc. has a 12-month low of $38.03 and a 12-month high of $107.00. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $786.76 million, a P/E ratio of 31.50, a price-to-earnings-growth ratio of 2.22 and a beta of 1.01.

Limbach (NASDAQ:LMB - Get Free Report) last issued its earnings results on Monday, March 10th. The construction company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.84 by $0.31. The business had revenue of $143.70 million for the quarter, compared to the consensus estimate of $149.37 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The company's revenue was up .7% compared to the same quarter last year. During the same period last year, the business posted $0.68 EPS. Equities research analysts anticipate that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.