Limbach Holdings, Inc. (NASDAQ:LMB) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 186.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 83,945 shares of the construction company's stock after buying an additional 54,599 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.74% of Limbach worth $6,360,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in LMB. Segall Bryant & Hamill LLC raised its position in shares of Limbach by 37.1% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 103,008 shares of the construction company's stock worth $7,804,000 after acquiring an additional 27,855 shares in the last quarter. Quest Partners LLC bought a new position in shares of Limbach in the 3rd quarter worth $207,000. Thrivent Financial for Lutherans raised its position in shares of Limbach by 0.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 46,987 shares of the construction company's stock worth $3,560,000 after acquiring an additional 382 shares in the last quarter. Empowered Funds LLC raised its position in shares of Limbach by 4.9% in the 3rd quarter. Empowered Funds LLC now owns 8,618 shares of the construction company's stock worth $653,000 after acquiring an additional 402 shares in the last quarter. Finally, Royce & Associates LP raised its position in shares of Limbach by 35.3% in the 3rd quarter. Royce & Associates LP now owns 249,578 shares of the construction company's stock worth $18,908,000 after acquiring an additional 65,082 shares in the last quarter. 55.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. StockNews.com lowered Limbach from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th. Roth Mkm upped their target price on Limbach from $67.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Finally, Stifel Nicolaus upped their target price on Limbach from $108.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday.

Limbach Stock Down 3.0 %

NASDAQ:LMB traded down $2.87 during mid-day trading on Thursday, hitting $94.01. 79,334 shares of the company's stock traded hands, compared to its average volume of 159,100. The company has a fifty day moving average of $88.61 and a 200 day moving average of $71.30. Limbach Holdings, Inc. has a twelve month low of $35.24 and a twelve month high of $107.00. The company has a market capitalization of $1.06 billion, a P/E ratio of 44.04, a P/E/G ratio of 3.22 and a beta of 1.09. 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 (NASDAQ:LMB - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The construction company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.05. The business had revenue of $133.90 million for the quarter, compared to analyst estimates of $129.50 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The company's revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 earnings per share. On average, analysts forecast that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

Insider Transactions at Limbach

In related news, Director David Richard Gaboury bought 531 shares of the stock in a transaction dated Tuesday, December 10th. The shares were purchased at an average price of $94.51 per share, for a total transaction of $50,184.81. Following the completion of the purchase, the director now directly owns 2,071 shares of the company's stock, valued at $195,730.21. This represents a 34.48 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 10.20% of the company's stock.

Limbach Company 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.