Moody Aldrich Partners LLC Buys Shares of 51,786 Limbach Holdings, Inc. (NASDAQ:LMB)

Moody Aldrich Partners LLC purchased a new position in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 51,786 shares of the construction company's stock, valued at approximately $4,430,000. Moody Aldrich Partners LLC owned approximately 0.46% of Limbach as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Wasatch Advisors LP lifted its position in Limbach by 6.7% in the 3rd quarter. Wasatch Advisors LP now owns 372,836 shares of the construction company's stock valued at $28,246,000 after purchasing an additional 23,360 shares during the last quarter. Corsair Capital Management L.P. increased its position in Limbach by 1.3% in the 3rd quarter. Corsair Capital Management L.P. now owns 313,360 shares of the construction company's stock valued at $23,740,000 after acquiring an additional 3,988 shares during the period. Royce & Associates LP raised its stake in Limbach by 35.3% during the 3rd quarter. Royce & Associates LP now owns 249,578 shares of the construction company's stock valued at $18,908,000 after acquiring an additional 65,082 shares in the last quarter. Geode Capital Management LLC raised 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 valued at $18,068,000 after acquiring an additional 5,093 shares in the last quarter. Finally, State Street Corp boosted its position in Limbach by 11.1% during the 3rd quarter. State Street Corp now owns 219,120 shares of the construction company's stock worth $16,601,000 after acquiring an additional 21,951 shares during the period. 55.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LMB has been the subject of several research analyst reports. Stifel Nicolaus upped their price objective on shares of Limbach from $110.00 to $117.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Roth Mkm upped their price target on shares of Limbach from $67.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Finally, StockNews.com lowered shares of Limbach from a "buy" rating to a "hold" rating in a research note on Thursday, November 14th.

Limbach Price Performance

NASDAQ:LMB traded up $2.58 during mid-day trading on Wednesday, reaching $94.75. 55,725 shares of the stock were exchanged, compared to its average volume of 215,759. Limbach Holdings, Inc. has a 1-year low of $38.03 and a 1-year high of $107.00. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $1.07 billion, a PE ratio of 43.07, a PEG ratio of 2.78 and a beta of 1.11. The business has a fifty day moving average price of $95.08 and a 200 day moving average price of $80.01.

Limbach (NASDAQ:LMB - Get Free Report) last released its earnings results on Tuesday, November 5th. The construction company reported $0.62 EPS for the quarter, beating the consensus estimate 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 net margin of 5.08% and a return on equity of 20.16%. The business's quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.61 earnings per share. Research analysts expect that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Transactions at Limbach

In other news, Director David Richard Gaboury acquired 531 shares of the firm's stock in a transaction that occurred on Tuesday, December 10th. The stock was purchased at an average price of $94.51 per share, with a total value of $50,184.81. Following the purchase, the director now owns 2,071 shares of the company's stock, valued at approximately $195,730.21. This trade represents a 34.48 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 10.20% of the stock is owned by 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.