Barclays PLC Has $1.28 Million Stake in Limbach Holdings, Inc. (NASDAQ:LMB)

Barclays PLC boosted its position in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 385.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,879 shares of the construction company's stock after buying an additional 13,402 shares during the quarter. Barclays PLC owned approximately 0.15% of Limbach worth $1,278,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. American Capital Advisory LLC acquired a new stake in shares of Limbach during the 3rd quarter valued at approximately $25,000. nVerses Capital LLC acquired a new stake in shares of Limbach during the third quarter worth $53,000. Harbor Capital Advisors Inc. lifted its position in shares of Limbach by 6.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company's stock worth $207,000 after buying an additional 162 shares during the last quarter. Quest Partners LLC bought a new position in shares of Limbach in the 3rd quarter worth about $207,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Limbach in the 2nd quarter valued at about $223,000. Institutional investors own 55.85% of the company's stock.

Insiders Place Their Bets

In other news, Director David Richard Gaboury purchased 531 shares of the business's stock in a transaction dated Tuesday, December 10th. The shares were acquired at an average price of $94.51 per share, for a total transaction of $50,184.81. Following the completion of the acquisition, the director now directly owns 2,071 shares of the company's stock, valued at $195,730.21. The trade was a 34.48 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 10.20% of the stock is owned by company insiders.

Limbach Stock Performance

Limbach stock traded up $0.64 during midday trading on Monday, reaching $86.54. 138,779 shares of the stock traded hands, compared to its average volume of 157,513. The firm has a fifty day moving average price of $90.86 and a two-hundred day moving average price of $74.13. Limbach Holdings, Inc. has a fifty-two week low of $35.24 and a fifty-two week high of $107.00. The firm has a market cap of $975.57 million, a price-to-earnings ratio of 39.34, a PEG ratio of 3.10 and a beta of 1.09. 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 (NASDAQ:LMB - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The construction company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.05. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The business had revenue of $133.90 million during the quarter, compared to analyst estimates of $129.50 million. During the same period in the prior year, the company posted $0.61 EPS. The business's revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities research analysts forecast that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

LMB has been the topic of several research reports. StockNews.com lowered shares of Limbach from a "buy" rating to a "hold" rating in a research note on Thursday, November 14th. Stifel Nicolaus raised their price target on Limbach from $108.00 to $110.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Finally, Roth Mkm upped their price objective on Limbach from $67.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, November 4th.

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.