Loomis Sayles & Co. L P Sells 5,938 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

Loomis Sayles & Co. L P lessened its position in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 4.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 138,199 shares of the construction company's stock after selling 5,938 shares during the period. Loomis Sayles & Co. L P owned about 1.23% of Limbach worth $10,470,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Limbach by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 566,501 shares of the construction company's stock worth $23,464,000 after purchasing an additional 32,030 shares during the period. American Century Companies Inc. lifted its holdings in Limbach by 6.0% in the second quarter. American Century Companies Inc. now owns 208,223 shares of the construction company's stock valued at $11,854,000 after acquiring an additional 11,782 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Limbach during the 3rd quarter valued at about $568,000. Allspring Global Investments Holdings LLC increased its position in shares of Limbach by 34.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 83,385 shares of the construction company's stock valued at $6,317,000 after purchasing an additional 21,346 shares during the last quarter. Finally, Thrivent Financial for Lutherans bought a new position in shares of Limbach in the 2nd quarter worth approximately $2,653,000. Hedge funds and other institutional investors own 55.85% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on LMB. Stifel Nicolaus began coverage on shares of Limbach in a research report on Friday, November 15th. They issued a "buy" rating and a $108.00 price target on the stock. Roth Mkm lifted their target price on Limbach from $67.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Finally, StockNews.com cut Limbach from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th.

Limbach Price Performance

Shares of NASDAQ LMB traded down $3.27 during midday trading on Thursday, reaching $98.76. The stock had a trading volume of 73,946 shares, compared to its average volume of 161,624. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 44.89, a price-to-earnings-growth ratio of 3.37 and a beta of 0.97. Limbach Holdings, Inc. has a 12-month low of $35.24 and a 12-month high of $104.98. The stock has a 50-day moving average of $84.01 and a 200-day moving average of $68.02. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57.

Limbach (NASDAQ:LMB - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $133.90 million during the quarter, compared to analyst estimates of $129.50 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. Limbach's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 EPS. As a group, research analysts anticipate that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity at Limbach

In other Limbach news, Director Joshua Horowitz sold 7,000 shares of Limbach stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $61.86, for a total value of $433,020.00. Following the sale, the director now directly owns 203,000 shares in the company, valued at approximately $12,557,580. The trade was a 3.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 10.20% of the stock is owned by corporate insiders.

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.