Kestra Private Wealth Services LLC Increases Position in Limbach Holdings, Inc. (NASDAQ:LMB)

Kestra Private Wealth Services LLC boosted its holdings in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 36.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,563 shares of the construction company's stock after acquiring an additional 3,075 shares during the quarter. Kestra Private Wealth Services LLC owned 0.10% of Limbach worth $989,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Wasatch Advisors LP lifted its position in shares of Limbach by 6.7% during the third quarter. Wasatch Advisors LP now owns 372,836 shares of the construction company's stock valued at $28,246,000 after purchasing an additional 23,360 shares in the last quarter. Corsair Capital Management L.P. increased its stake in Limbach by 1.3% in the 3rd quarter. Corsair Capital Management L.P. now owns 313,360 shares of the construction company's stock valued at $23,740,000 after buying an additional 3,988 shares during the last quarter. Royce & Associates LP lifted its position in shares of Limbach by 35.3% during the 3rd quarter. Royce & Associates LP now owns 249,578 shares of the construction company's stock worth $18,908,000 after buying an additional 65,082 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Limbach by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 238,445 shares of the construction company's stock worth $18,068,000 after buying an additional 5,093 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Limbach by 11.1% in the third quarter. State Street Corp now owns 219,120 shares of the construction company's stock valued at $16,601,000 after acquiring an additional 21,951 shares in the last quarter. Institutional investors and hedge funds own 55.85% of the company's stock.

Limbach Stock Performance

Shares of NASDAQ LMB traded up $0.50 during trading on Monday, reaching $91.23. 130,762 shares of the stock traded hands, compared to its average volume of 202,311. 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 stock has a market capitalization of $1.03 billion, a P/E ratio of 41.47, a price-to-earnings-growth ratio of 2.71 and a beta of 1.11. Limbach Holdings, Inc. has a 52-week low of $38.03 and a 52-week high of $107.00. The company has a 50-day moving average of $93.72 and a 200-day moving average of $83.32.

Insider Activity at Limbach

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LMB. Lake Street Capital lifted 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. Stifel Nicolaus lifted their target price on Limbach from $110.00 to $117.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Roth Mkm raised their price objective on shares of Limbach from $67.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Finally, StockNews.com cut shares of Limbach from a "buy" rating to a "hold" rating in a research note on Thursday, November 14th.

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.