Limbach Holdings, Inc. (NASDAQ:LMB) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its holdings in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 120.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,687 shares of the construction company's stock after purchasing an additional 31,002 shares during the period. Envestnet Asset Management Inc. owned 0.50% of Limbach worth $4,849,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Limbach by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 604,397 shares of the construction company's stock valued at $51,700,000 after purchasing an additional 3,001 shares during the last quarter. Geode Capital Management LLC boosted its stake in Limbach by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 238,445 shares of the construction company's stock valued at $18,068,000 after acquiring an additional 5,093 shares during the last quarter. State Street Corp grew its holdings in Limbach by 11.1% during the 3rd quarter. State Street Corp now owns 219,120 shares of the construction company's stock worth $16,601,000 after acquiring an additional 21,951 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Limbach by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 85,086 shares of the construction company's stock worth $7,278,000 after purchasing an additional 1,141 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of Limbach by 11.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 52,349 shares of the construction company's stock valued at $4,478,000 after purchasing an additional 5,362 shares in the last quarter. 55.85% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Joshua Horowitz sold 25,400 shares of the business's stock in a transaction that occurred 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 owns 164,600 shares of the company's stock, valued at $12,415,778. The trade was a 13.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 10.20% of the stock is owned by insiders.

Limbach Stock Performance

Shares of NASDAQ:LMB traded down $0.59 during trading on Friday, hitting $92.76. 151,986 shares of the company traded hands, compared to its average volume of 173,552. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 42.16, a PEG ratio of 2.22 and a beta of 1.01. Limbach Holdings, Inc. has a one year low of $43.00 and a one year high of $107.00. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14. The business's fifty day moving average is $79.24 and its 200-day moving average is $87.34.

Limbach (NASDAQ:LMB - Get Free Report) last issued its earnings results on Monday, March 10th. The construction company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.31. The firm had revenue of $143.70 million for the quarter, compared to analyst estimates of $149.37 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The firm's revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the company earned $0.68 earnings per share. As a group, equities analysts predict that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on LMB shares. Stifel Nicolaus set a $103.00 price target on Limbach in a research note on Wednesday, March 12th. Lake Street Capital lifted their target price on Limbach from $100.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th.

Limbach 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.