WINTON GROUP Ltd Raises Stock Holdings in Limbach Holdings, Inc. (NASDAQ:LMB)

WINTON GROUP Ltd boosted its stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 48.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,558 shares of the construction company's stock after acquiring an additional 4,073 shares during the quarter. WINTON GROUP Ltd owned 0.11% of Limbach worth $1,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of LMB. IFP Advisors Inc purchased a new stake in shares of Limbach during the fourth quarter worth about $37,000. US Bancorp DE bought a new stake in shares of Limbach in the 4th quarter worth approximately $115,000. KLP Kapitalforvaltning AS bought a new position in shares of Limbach during the fourth quarter valued at approximately $154,000. Bailard Inc. purchased a new stake in Limbach in the fourth quarter worth $257,000. Finally, Teacher Retirement System of Texas increased its position in Limbach by 5.2% during the 4th quarter. Teacher Retirement System of Texas now owns 3,453 shares of the construction company's stock valued at $295,000 after purchasing an additional 172 shares during the period. 55.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus set a $103.00 target price on shares of Limbach in a research note on Wednesday, March 12th. Lake Street Capital increased 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.

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Insider Buying and Selling

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 shares were sold at an average price of $75.43, for a total value of $1,915,922.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 10.20% of the stock is currently owned by company insiders.

Limbach Stock Up 1.1 %

NASDAQ LMB traded up $0.83 during trading hours on Wednesday, reaching $76.04. 29,496 shares of the company's stock traded hands, compared to its average volume of 162,809. Limbach Holdings, Inc. has a 52-week low of $38.03 and a 52-week high of $107.00. 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 firm has a 50-day simple moving average of $85.27 and a 200 day simple moving average of $86.91. The firm has a market cap of $863.27 million, a PE ratio of 34.42, a PEG ratio of 2.22 and a beta of 1.18.

Limbach (NASDAQ:LMB - Get Free Report) last issued its quarterly earnings results on Monday, March 10th. The construction company reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.31. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The firm had revenue of $143.70 million for the quarter, compared to analysts' expectations of $149.37 million. During the same period in the previous year, the firm posted $0.68 EPS. The business's revenue for the quarter was up .7% compared to the same quarter last year. Sell-side analysts anticipate 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.