Archon Capital Management LLC purchased a new stake in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 5,185 shares of the construction company's stock, valued at approximately $444,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in LMB. Vanguard Group Inc. increased its position in shares of Limbach by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 604,397 shares of the construction company's stock valued at $51,700,000 after acquiring an additional 3,001 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Limbach by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 238,445 shares of the construction company's stock worth $18,068,000 after purchasing an additional 5,093 shares during the period. State Street Corp increased its holdings in Limbach by 11.1% in the 3rd quarter. State Street Corp now owns 219,120 shares of the construction company's stock valued at $16,601,000 after purchasing an additional 21,951 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in Limbach by 41.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 216,567 shares of the construction company's stock valued at $18,525,000 after purchasing an additional 62,987 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Limbach by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 85,086 shares of the construction company's stock worth $7,278,000 after purchasing an additional 1,141 shares in the last quarter. Institutional investors and hedge funds own 55.85% of the company's stock.
Insiders Place Their Bets
In other news, Director Joshua Horowitz sold 25,400 shares of Limbach stock in a transaction on Friday, March 14th. The shares were sold at an average price of $75.43, for a total transaction of $1,915,922.00. Following the completion of the sale, the director now directly owns 164,600 shares of the company's stock, valued at approximately $12,415,778. The trade was a 13.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 10.20% of the stock is currently owned by company insiders.
Limbach Stock Down 0.4 %
Shares of NASDAQ:LMB traded down $0.29 during trading on Tuesday, hitting $79.88. The company's stock had a trading volume of 193,417 shares, compared to its average volume of 166,821. The company has a market capitalization of $906.88 million, a PE ratio of 36.31, a P/E/G ratio of 2.22 and a beta of 1.01. 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 $38.39 and a fifty-two week high of $107.00. The business has a 50 day moving average price of $79.94 and a two-hundred day moving average price of $86.78.
Limbach (NASDAQ:LMB - Get Free Report) last released its earnings results 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 analysts' expectations of $149.37 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. Limbach's revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 EPS. As a group, research analysts expect that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.
Analyst Ratings Changes
LMB has been the subject of a number of research reports. Stifel Nicolaus set a $103.00 price objective on Limbach in a research note on Wednesday, March 12th. Lake Street Capital lifted their target price on Limbach from $100.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th.
Check Out Our Latest Stock Report on LMB
Limbach Profile
(
Free Report)
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.
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