Fmr LLC Raises Stock Position in Limbach Holdings, Inc. (NASDAQ:LMB)

FMR LLC grew its holdings in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 21.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,543 shares of the construction company's stock after acquiring an additional 7,239 shares during the period. FMR LLC owned about 0.36% of Limbach worth $3,072,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. boosted its holdings in Limbach by 6.3% during the third quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company's stock worth $207,000 after buying an additional 162 shares in the last quarter. SummerHaven Investment Management LLC raised its position in Limbach by 0.9% during the second quarter. SummerHaven Investment Management LLC now owns 28,963 shares of the construction company's stock worth $1,649,000 after acquiring an additional 261 shares during the period. Meeder Asset Management Inc. raised its position in Limbach by 7.7% during the second quarter. Meeder Asset Management Inc. now owns 4,072 shares of the construction company's stock worth $232,000 after acquiring an additional 292 shares during the period. American Capital Advisory LLC acquired a new position in Limbach during the third quarter worth $25,000. Finally, Thrivent Financial for Lutherans raised its position in Limbach by 0.8% during the third 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 during the period. 55.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LMB. Roth Mkm upped their price objective on shares of Limbach from $67.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. StockNews.com cut shares of Limbach from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th. Finally, Stifel Nicolaus increased their target price on shares of Limbach from $108.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday.

Limbach Stock Down 0.2 %

Shares of LMB stock traded down $0.17 during trading on Friday, reaching $94.33. The company's stock had a trading volume of 70,789 shares, compared to its average volume of 158,908. 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 capitalization of $1.06 billion, a price-to-earnings ratio of 42.88, a P/E/G ratio of 3.18 and a beta of 1.09. The stock's 50-day moving average price is $89.30 and its 200 day moving average price is $71.80. Limbach Holdings, Inc. has a 1-year low of $35.24 and a 1-year high of $107.00.

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 firm had revenue of $133.90 million during the quarter, compared to analysts' expectations of $129.50 million. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The business's quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 earnings per share. On average, research analysts anticipate that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

Insiders Place Their Bets

In other news, Director David Richard Gaboury purchased 531 shares of the stock in a transaction on Tuesday, December 10th. The stock was bought at an average price of $94.51 per share, for a total transaction of $50,184.81. Following the acquisition, the director now directly owns 2,071 shares of the company's stock, valued at approximately $195,730.21. The trade was a 34.48 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 10.20% of the stock is currently owned by company insiders.

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.