5,559 Shares in Limbach Holdings, Inc. (NASDAQ:LMB) Acquired by Petra Financial Advisors Inc.

Petra Financial Advisors Inc. acquired a new stake in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,559 shares of the construction company's stock, valued at approximately $476,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Empowered Funds LLC boosted its position in shares of Limbach by 4.9% during the 3rd quarter. Empowered Funds LLC now owns 8,618 shares of the construction company's stock worth $653,000 after purchasing an additional 402 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Limbach by 0.8% during the third quarter. Thrivent Financial for Lutherans now owns 46,987 shares of the construction company's stock worth $3,560,000 after buying an additional 382 shares in the last quarter. Quest Partners LLC purchased a new stake in Limbach during the third quarter worth about $207,000. Segall Bryant & Hamill LLC grew its position in Limbach by 37.1% during the third quarter. Segall Bryant & Hamill LLC now owns 103,008 shares of the construction company's stock worth $7,804,000 after buying an additional 27,855 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Limbach by 186.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 83,945 shares of the construction company's stock valued at $6,360,000 after buying an additional 54,599 shares in the last quarter. Hedge funds and other institutional investors own 55.85% of the company's stock.

Limbach Price Performance

LMB stock traded up $0.93 on Friday, reaching $82.85. The company had a trading volume of 395,949 shares, compared to its average volume of 157,864. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57. The company's fifty day moving average is $87.90 and its 200 day moving average is $85.83. The company has a market cap of $940.60 million, a P/E ratio of 37.66, a PEG ratio of 2.22 and a beta of 1.18. Limbach Holdings, Inc. has a 1 year low of $38.03 and a 1 year high of $107.00.

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Limbach (NASDAQ:LMB - Get Free Report) last issued 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 business had revenue of $143.70 million for the quarter, compared to the consensus estimate of $149.37 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The business's revenue was up .7% on a year-over-year basis. During the same period in the prior year, the business earned $0.68 earnings per share. On average, research analysts forecast that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

Insider Transactions at Limbach

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on LMB shares. Stifel Nicolaus set a $103.00 price target on Limbach in a report on Wednesday, March 12th. Lake Street Capital upped their target price on Limbach from $100.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, February 4th.

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.