Invesco Ltd. Decreases Stake in Limbach Holdings, Inc. (NASDAQ:LMB)

Invesco Ltd. trimmed its stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251,019 shares of the construction company's stock after selling 15,581 shares during the quarter. Invesco Ltd. owned approximately 2.23% of Limbach worth $21,472,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. IFP Advisors Inc bought a new stake in shares of Limbach in the 4th quarter valued at about $37,000. US Bancorp DE acquired a new stake in Limbach during the 4th quarter valued at approximately $115,000. KLP Kapitalforvaltning AS bought a new position in Limbach during the 4th quarter worth approximately $154,000. Bailard Inc. bought a new stake in shares of Limbach in the 4th quarter valued at $257,000. Finally, Teacher Retirement System of Texas increased its position in shares of Limbach by 5.2% during the fourth quarter. Teacher Retirement System of Texas now owns 3,453 shares of the construction company's stock worth $295,000 after buying an additional 172 shares during the period. 55.85% of the stock is currently owned by institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LMB. Lake Street Capital lifted their price objective on Limbach from $100.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Stifel Nicolaus set a $103.00 price target on Limbach in a research note on Wednesday, March 12th.

Limbach Stock Down 5.1 %

Shares of NASDAQ LMB traded down $4.45 during midday trading on Monday, hitting $82.15. 538,188 shares of the stock traded hands, compared to its average volume of 171,897. The business has a 50 day moving average price of $79.12 and a two-hundred day moving average price of $87.10. Limbach Holdings, Inc. has a one year low of $38.87 and a one year high of $107.00. 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 company has a market cap of $932.65 million, a PE ratio of 37.34, a P/E/G ratio of 2.22 and a beta of 1.01.

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 for the quarter, beating the consensus estimate of $0.84 by $0.31. The business had revenue of $143.70 million for the quarter, compared to analysts' expectations of $149.37 million. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The firm's revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 EPS. On average, equities analysts predict that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

About Limbach

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.