Neumeier Poma Investment Counsel LLC Has $39.51 Million Stock Position in Limbach Holdings, Inc. (NASDAQ:LMB)

Neumeier Poma Investment Counsel LLC decreased its holdings in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 13.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 461,825 shares of the construction company's stock after selling 70,200 shares during the quarter. Limbach makes up about 3.8% of Neumeier Poma Investment Counsel LLC's investment portfolio, making the stock its 5th largest position. Neumeier Poma Investment Counsel LLC owned approximately 4.10% of Limbach worth $39,505,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in LMB. Vanguard Group Inc. raised its holdings in Limbach by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 604,397 shares of the construction company's stock worth $51,700,000 after purchasing an additional 3,001 shares during the last quarter. Wasatch Advisors LP lifted its stake in shares of 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 period. Corsair Capital Management L.P. grew its stake in shares of Limbach by 1.3% during the third quarter. Corsair Capital Management L.P. now owns 313,360 shares of the construction company's stock worth $23,740,000 after purchasing an additional 3,988 shares during the period. Geode Capital Management LLC grew its position in shares of 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 buying an additional 5,093 shares during the period. Finally, State Street Corp boosted its stake 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 last quarter. Institutional investors own 55.85% of the company's stock.

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Analysts Set New Price Targets

LMB has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $103.00 price target on shares of Limbach in a research report on Wednesday, March 12th. Lake Street Capital raised their price target on Limbach from $100.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th.

Limbach Stock Performance

Shares of LMB stock opened at $74.47 on Tuesday. The firm has a market cap of $845.46 million, a PE ratio of 33.85, a P/E/G ratio of 2.22 and a beta of 1.18. The company has a quick ratio of 1.57, a current 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. The company's fifty day simple moving average is $85.76 and its 200-day simple moving average is $86.89.

Limbach (NASDAQ:LMB - Get Free Report) last released its quarterly earnings data on Monday, March 10th. The construction company reported $1.15 earnings per share (EPS) 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 analyst estimates of $149.37 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The business's revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 earnings per share. Equities research analysts expect that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $75.43, for a total value of $1,915,922.00. Following the transaction, the director now directly owns 164,600 shares of the company's stock, valued at $12,415,778. This represents a 13.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 10.20% of the company's stock.

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.