Knights of Columbus Asset Advisors LLC Has $2.19 Million Stock Holdings in Limbach Holdings, Inc. (NASDAQ:LMB)

Knights of Columbus Asset Advisors LLC cut its stake in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 29.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,542 shares of the construction company's stock after selling 10,411 shares during the quarter. Knights of Columbus Asset Advisors LLC owned 0.23% of Limbach worth $2,185,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of LMB. FMR LLC raised its holdings in shares of Limbach by 21.7% during the third quarter. FMR LLC now owns 40,543 shares of the construction company's stock worth $3,072,000 after acquiring an additional 7,239 shares during the period. Virtu Financial LLC acquired a new stake in shares of Limbach in the 3rd quarter valued at about $487,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Limbach in the third quarter valued at about $643,000. Barclays PLC lifted its stake in Limbach by 385.4% in the 3rd quarter. Barclays PLC now owns 16,879 shares of the construction company's stock valued at $1,278,000 after acquiring an additional 13,402 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Limbach during the third quarter worth $262,000. 55.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Limbach

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of Limbach 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 owns 164,600 shares in the company, valued at $12,415,778. The trade was a 13.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 10.20% of the company's stock.

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Analyst Ratings Changes

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

Limbach Stock Performance

Shares of LMB traded down $2.65 during mid-day trading on Thursday, reaching $78.64. The company's stock had a trading volume of 240,892 shares, compared to its average volume of 159,721. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. Limbach Holdings, Inc. has a 1-year low of $38.03 and a 1-year high of $107.00. The business has a 50-day simple moving average of $86.47 and a two-hundred day simple moving average of $86.52. The stock has a market cap of $892.80 million, a P/E ratio of 35.75, a PEG ratio of 2.22 and a beta of 1.18.

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 (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.31. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The business had revenue of $143.70 million during the quarter, compared to the consensus estimate of $149.37 million. During the same quarter last year, the firm posted $0.68 EPS. The company's quarterly revenue was up .7% on a year-over-year basis. As a group, equities research analysts anticipate that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal 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.