Limbach Holdings, Inc. (NASDAQ:LMB) Shares Purchased by Harvest Investment Services LLC

Harvest Investment Services LLC grew its holdings in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 66.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,230 shares of the construction company's stock after purchasing an additional 17,580 shares during the quarter. Limbach comprises approximately 0.9% of Harvest Investment Services LLC's portfolio, making the stock its 27th largest holding. Harvest Investment Services LLC owned approximately 0.39% of Limbach worth $3,783,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in LMB. Stifel Financial Corp acquired a new position in shares of Limbach during the 4th quarter valued at about $441,000. MetLife Investment Management LLC grew its stake in shares of Limbach by 10.2% in the 4th quarter. MetLife Investment Management LLC now owns 6,240 shares of the construction company's stock valued at $534,000 after buying an additional 578 shares during the period. First Trust Advisors LP increased its holdings in shares of Limbach by 67.5% during the 4th quarter. First Trust Advisors LP now owns 322,396 shares of the construction company's stock worth $27,578,000 after buying an additional 129,869 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Limbach during the 4th quarter valued at approximately $873,000. Finally, Wasatch Advisors LP raised its position in shares of Limbach by 0.4% during the 4th quarter. Wasatch Advisors LP now owns 374,382 shares of the construction company's stock valued at $32,025,000 after buying an additional 1,546 shares during the period. 55.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Limbach Trading Down 0.6 %

Shares of LMB traded down $0.59 during midday trading on Friday, hitting $92.76. 151,986 shares of the stock were exchanged, compared to its average volume of 173,640. 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 has a market cap of $1.05 billion, a P/E ratio of 42.16, a P/E/G ratio of 2.22 and a beta of 1.01. Limbach Holdings, Inc. has a 52-week low of $43.78 and a 52-week high of $107.00. The stock has a fifty day simple moving average of $79.24 and a 200 day simple moving average of $87.41.

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

Insider Buying and Selling at Limbach

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of the 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 sale, the director now directly owns 164,600 shares of the company's stock, valued at approximately $12,415,778. This represents a 13.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 10.20% of the stock is currently owned by corporate insiders.

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.