F M Investments LLC Makes New $2.75 Million Investment in Limbach Holdings, Inc. (NASDAQ:LMB)

F M Investments LLC purchased a new position in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 32,180 shares of the construction company's stock, valued at approximately $2,753,000. F M Investments LLC owned approximately 0.29% of Limbach at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its holdings in Limbach by 186.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 83,945 shares of the construction company's stock worth $6,360,000 after buying an additional 54,599 shares during the period. FMR LLC raised its holdings in shares of Limbach by 21.7% during the third quarter. FMR LLC now owns 40,543 shares of the construction company's stock valued at $3,072,000 after acquiring an additional 7,239 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Limbach by 40.5% during the third quarter. BNP Paribas Financial Markets now owns 5,276 shares of the construction company's stock valued at $400,000 after acquiring an additional 1,521 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Limbach in the 3rd quarter valued at approximately $643,000. Finally, Janus Henderson Group PLC acquired a new position in Limbach in the 3rd quarter worth approximately $333,000. 55.85% of the stock is owned by institutional investors and hedge funds.

Limbach Price Performance

Shares of LMB stock traded down $0.29 during mid-day trading on Tuesday, reaching $79.88. The company's stock had a trading volume of 176,383 shares, compared to its average volume of 166,450. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57. The firm's 50-day moving average is $80.39 and its two-hundred day moving average is $86.83. Limbach Holdings, Inc. has a 1-year low of $38.39 and a 1-year high of $107.00. The company has a market cap of $906.88 million, a P/E ratio of 36.31, a PEG ratio of 2.22 and a beta of 1.01.

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Limbach

In related news, Director Joshua Horowitz sold 25,400 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were 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. This trade represents a 13.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate 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.