JPMorgan Chase & Co. Acquires 36,289 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

JPMorgan Chase & Co. increased its stake in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 698.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,483 shares of the construction company's stock after acquiring an additional 36,289 shares during the quarter. JPMorgan Chase & Co. owned about 0.37% of Limbach worth $3,548,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LMB. IFP Advisors Inc bought a new stake in shares of Limbach during the 4th quarter valued at about $37,000. US Bancorp DE bought a new stake in shares of Limbach in the 4th quarter valued at $115,000. KLP Kapitalforvaltning AS bought a new stake in shares of Limbach in the 4th quarter valued at $154,000. Bailard Inc. acquired a new position in shares of Limbach during the 4th quarter valued at $257,000. Finally, Teacher Retirement System of Texas boosted its stake in 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 acquiring an additional 172 shares in the last quarter. 55.85% of the stock is currently owned by institutional investors.

Insider Activity at Limbach

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of the company's stock in a transaction dated 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 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 accessible through the SEC website. 10.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Limbach Stock Up 3.4 %

Shares of NASDAQ LMB traded up $3.13 during mid-day trading on Thursday, reaching $94.14. 124,330 shares of the company's stock traded hands, compared to its average volume of 173,265. 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 business has a 50-day simple moving average of $79.06 and a 200 day simple moving average of $87.13. The stock has a market cap of $1.07 billion, a P/E ratio of 42.75, a PEG ratio of 2.22 and a beta of 1.01. Limbach Holdings, Inc. has a 1-year low of $41.03 and a 1-year high of $107.00.

Limbach (NASDAQ:LMB - Get Free Report) last released its quarterly earnings results on Monday, March 10th. The construction company reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.31. The business 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%. The company's quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 EPS. On average, analysts expect that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

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.