Thrivent Financial for Lutherans Buys 5,362 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

Thrivent Financial for Lutherans boosted its holdings in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 11.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,349 shares of the construction company's stock after buying an additional 5,362 shares during the quarter. Thrivent Financial for Lutherans owned 0.46% of Limbach worth $4,478,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Petra Financial Advisors Inc. bought a new position in shares of Limbach in the 4th quarter worth approximately $476,000. Alpine Woods Capital Investors LLC purchased a new position in Limbach in the 4th quarter worth approximately $599,000. Swiss National Bank boosted its stake in Limbach by 1.0% in the 4th quarter. Swiss National Bank now owns 19,900 shares of the construction company's stock worth $1,702,000 after purchasing an additional 200 shares during the period. Saturna Capital Corp raised its position in shares of Limbach by 7.0% during the fourth quarter. Saturna Capital Corp now owns 9,804 shares of the construction company's stock valued at $839,000 after buying an additional 639 shares during the last quarter. Finally, PFG Advisors raised its position in shares of Limbach by 11.8% during the fourth quarter. PFG Advisors now owns 7,619 shares of the construction company's stock valued at $652,000 after buying an additional 803 shares during the last quarter. Hedge funds and other institutional investors own 55.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts 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 raised their price objective on Limbach from $100.00 to $125.00 and gave the company 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 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 completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.20% of the stock is owned by corporate insiders.

Limbach Price Performance

LMB traded down $2.38 during trading hours on Friday, hitting $76.26. The company's stock had a trading volume of 195,358 shares, compared to its average volume of 162,197. The stock has a market cap of $865.78 million, a price-to-earnings ratio of 34.66, a P/E/G ratio of 2.22 and a beta of 1.18. The business's 50-day moving average price is $86.13 and its 200-day moving average price is $86.60. 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 12 month low of $38.03 and a 12 month high of $107.00.

Limbach (NASDAQ:LMB - Get Free Report) last announced its 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 during the quarter, compared to analysts' expectations of $149.37 million. During the same quarter in the previous year, the business earned $0.68 EPS. The company's quarterly revenue was up .7% on a year-over-year basis. Sell-side analysts expect that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

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.