Globeflex Capital L P Has $5.78 Million Position in Limbach Holdings, Inc. (NASDAQ:LMB)

Globeflex Capital L P reduced its stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 19.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,541 shares of the construction company's stock after selling 15,880 shares during the quarter. Globeflex Capital L P owned about 0.60% of Limbach worth $5,777,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LMB. Swiss National Bank lifted its position in Limbach by 1.0% during the 4th 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 period. Rhumbline Advisers raised its stake in Limbach by 1.8% during the 4th quarter. Rhumbline Advisers now owns 14,065 shares of the construction company's stock worth $1,203,000 after buying an additional 255 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Limbach by 0.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 46,987 shares of the construction company's stock valued at $3,560,000 after purchasing an additional 382 shares in the last quarter. Empowered Funds LLC lifted its stake in Limbach by 4.9% in the third quarter. Empowered Funds LLC now owns 8,618 shares of the construction company's stock valued at $653,000 after buying an additional 402 shares in the last quarter. Finally, IFP Advisors Inc bought a new stake in Limbach in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 55.85% of the company's stock.

Limbach Stock Performance

Shares of NASDAQ LMB traded up $4.70 during midday trading on Wednesday, hitting $79.73. 184,583 shares of the company's stock were exchanged, compared to its average volume of 156,502. The company's 50 day moving average price is $88.56 and its 200 day moving average price is $85.90. Limbach Holdings, Inc. has a 12 month low of $38.03 and a 12 month high of $107.00. The firm has a market capitalization of $905.17 million, a PE ratio of 36.24, a price-to-earnings-growth ratio of 2.22 and a beta of 1.18. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14.

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Limbach (NASDAQ:LMB - Get Free Report) last released its quarterly 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. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The business had revenue of $143.70 million for the quarter, compared to the consensus estimate of $149.37 million. During the same period in the prior year, the company posted $0.68 earnings per share. Limbach's revenue was up .7% compared to the same quarter last year. As a group, analysts predict that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity at Limbach

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of the company's stock in a transaction on Friday, March 14th. The stock was 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 in the company, valued at $12,415,778. This represents a 13.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 10.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on LMB shares. Lake Street Capital upped their target price on Limbach from $100.00 to $125.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Stifel Nicolaus set a $103.00 price objective on Limbach in a report on Wednesday, March 12th.

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.