Rockefeller Capital Management L.P. Raises Stock Holdings in Limbach Holdings, Inc. (NASDAQ:LMB)

Rockefeller Capital Management L.P. grew its stake in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 41.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 216,567 shares of the construction company's stock after acquiring an additional 62,987 shares during the quarter. Rockefeller Capital Management L.P. owned about 1.92% of Limbach worth $18,525,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of LMB. IFP Advisors Inc acquired a new stake in shares of Limbach during the 4th quarter worth about $37,000. US Bancorp DE purchased a new stake in shares of Limbach in the 4th quarter valued at approximately $115,000. KLP Kapitalforvaltning AS acquired a new position in shares of Limbach in the 4th quarter worth approximately $154,000. Bailard Inc. purchased a new position in shares of Limbach during the 4th quarter worth approximately $257,000. Finally, Sanctuary Advisors LLC acquired a new stake in Limbach in the 3rd quarter valued at approximately $262,000. Hedge funds and other institutional investors own 55.85% of the company's stock.

Limbach Stock Up 1.7 %

NASDAQ:LMB traded up $1.44 during mid-day trading on Friday, hitting $86.60. The stock had a trading volume of 764,481 shares, compared to its average volume of 170,697. Limbach Holdings, Inc. has a twelve month low of $38.70 and a twelve month high of $107.00. The stock has a 50-day simple moving average of $79.46 and a two-hundred day simple moving average of $86.84. 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 company has a market capitalization of $983.17 million, a PE ratio of 39.36, a PEG ratio of 2.22 and a beta of 1.01.

Limbach (NASDAQ:LMB - Get Free Report) last announced 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 for 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%. The company's revenue was up .7% on a year-over-year basis. During the same period last year, the business earned $0.68 EPS. On average, equities research analysts anticipate that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

Insider Activity

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were 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 in the company, valued at $12,415,778. This represents a 13.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 10.20% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on LMB. Stifel Nicolaus set a $103.00 price target on Limbach in a research report on Wednesday, March 12th. Lake Street Capital boosted their price target 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.

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.