153,580 Shares in Limbach Holdings, Inc. (NASDAQ:LMB) Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. bought a new position in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 153,580 shares of the construction company's stock, valued at approximately $11,635,000. Rockefeller Capital Management L.P. owned 1.36% of Limbach as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Isthmus Partners LLC purchased a new position in shares of Limbach during the 3rd quarter valued at $3,405,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Limbach in the 3rd quarter valued at approximately $643,000. Corsair Capital Management L.P. grew its position in Limbach by 1.3% in the third quarter. Corsair Capital Management L.P. now owns 313,360 shares of the construction company's stock worth $23,740,000 after acquiring an additional 3,988 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Limbach by 40.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,276 shares of the construction company's stock valued at $400,000 after purchasing an additional 1,521 shares during the last quarter. Finally, FMR LLC boosted its holdings in Limbach by 21.7% in the third quarter. FMR LLC now owns 40,543 shares of the construction company's stock worth $3,072,000 after purchasing an additional 7,239 shares in the last quarter. Hedge funds and other institutional investors own 55.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LMB. Stifel Nicolaus initiated coverage on Limbach in a report on Friday, November 15th. They set a "buy" rating and a $108.00 target price on the stock. StockNews.com downgraded Limbach from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th. Finally, Roth Mkm increased their target price on Limbach from $67.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, November 4th.

Insider Activity

In related news, Director Joshua Horowitz sold 7,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $61.86, for a total transaction of $433,020.00. Following the sale, the director now directly owns 203,000 shares in the company, valued at $12,557,580. This represents a 3.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 10.20% of the company's stock.

Limbach Stock Performance

LMB stock traded up $0.02 during trading on Tuesday, reaching $102.77. 91,581 shares of the stock were exchanged, compared to its average volume of 160,716. Limbach Holdings, Inc. has a twelve month low of $35.24 and a twelve month 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 company has a market capitalization of $1.16 billion, a P/E ratio of 46.71, a price-to-earnings-growth ratio of 3.38 and a beta of 1.09. The stock has a 50 day simple moving average of $85.36 and a 200-day simple moving average of $69.21.

Limbach (NASDAQ:LMB - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The construction company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.05. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The company had revenue of $133.90 million for the quarter, compared to analyst estimates of $129.50 million. During the same quarter last year, the firm earned $0.61 EPS. Limbach's revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

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.