156,350 Shares in Limbach Holdings, Inc. (NASDAQ:LMB) Bought by Next Century Growth Investors LLC

Next Century Growth Investors LLC purchased a new position in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 156,350 shares of the construction company's stock, valued at approximately $13,374,000. Next Century Growth Investors LLC owned about 1.39% of Limbach as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the company. IFP Advisors Inc bought a new position in Limbach in the fourth quarter worth about $37,000. US Bancorp DE bought a new position in shares of Limbach in the 4th quarter worth approximately $115,000. KLP Kapitalforvaltning AS purchased a new position in shares of Limbach in the 4th quarter valued at approximately $154,000. Bailard Inc. bought a new stake in shares of Limbach during the fourth quarter valued at approximately $257,000. Finally, Teacher Retirement System of Texas grew its stake in Limbach by 5.2% in the fourth quarter. Teacher Retirement System of Texas now owns 3,453 shares of the construction company's stock worth $295,000 after purchasing an additional 172 shares during the period. Hedge funds and other institutional investors own 55.85% of the company's stock.

Limbach Stock Down 0.4 %

Shares of NASDAQ:LMB traded down $0.29 on Tuesday, hitting $79.88. 193,417 shares of the company traded hands, compared to its average volume of 166,821. The stock has a 50 day simple moving average of $79.94 and a 200-day simple moving average of $86.78. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14. The company has a market cap of $906.88 million, a PE ratio of 36.31, a PEG ratio of 2.22 and a beta of 1.01. Limbach Holdings, Inc. has a 52 week low of $38.39 and a 52 week high of $107.00.

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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 for the quarter, beating analysts' consensus estimates of $0.84 by $0.31. The business had revenue of $143.70 million during the quarter, compared to analyst estimates of $149.37 million. Limbach had a net margin of 5.08% and a return on equity of 20.16%. Limbach's revenue was up .7% compared to the same quarter last year. During the same period last year, the business earned $0.68 EPS. As a group, research analysts expect that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on LMB. Stifel Nicolaus set a $103.00 target price on shares of Limbach in a report on Wednesday, March 12th. Lake Street Capital boosted their price objective on shares of Limbach from $100.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th.

Insider Buying and Selling

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of the business's stock in a transaction dated 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 sale, the director now directly owns 164,600 shares in the company, valued at $12,415,778. The trade was a 13.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 10.20% of the stock is owned by corporate insiders.

Limbach Company 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.