Sei Investments Co. Boosts Stock Position in Limbach Holdings, Inc. (NASDAQ:LMB)

Sei Investments Co. grew its holdings in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 585.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,292 shares of the construction company's stock after purchasing an additional 23,313 shares during the quarter. Sei Investments Co. owned about 0.24% of Limbach worth $2,335,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 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 worth $18,068,000 after acquiring an additional 5,093 shares during the last quarter. State Street Corp raised its holdings in shares of Limbach by 11.1% in the third quarter. State Street Corp now owns 219,120 shares of the construction company's stock valued at $16,601,000 after purchasing an additional 21,951 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Limbach by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 85,086 shares of the construction company's stock valued at $7,278,000 after purchasing an additional 1,141 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Limbach by 11.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 52,349 shares of the construction company's stock worth $4,478,000 after buying an additional 5,362 shares in the last quarter. Finally, Moody Aldrich Partners LLC bought a new stake in Limbach during the fourth quarter worth about $4,430,000. Institutional investors own 55.85% of the company's stock.

Remove Ads

Insiders Place Their Bets

In related news, Director Joshua Horowitz sold 25,400 shares of the company'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 completion of the transaction, the director now owns 164,600 shares in the company, valued at $12,415,778. This represents a 13.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 10.20% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Stifel Nicolaus set a $103.00 target price 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 report on Tuesday, February 4th.

Limbach Price Performance

LMB stock traded up $6.55 during mid-day trading on Wednesday, reaching $77.59. 232,791 shares of the company traded hands, compared to its average volume of 165,677. 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 company has a market capitalization of $880.88 million, a P/E ratio of 35.27, a P/E/G ratio of 2.22 and a beta of 1.01. The company has a fifty day moving average price of $81.36 and a 200-day moving average price of $86.63.

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