Limbach Holdings, Inc. (NASDAQ:LMB) Stock Position Cut by Royce & Associates LP

Royce & Associates LP trimmed its stake in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 18.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 202,470 shares of the construction company's stock after selling 47,108 shares during the quarter. Royce & Associates LP owned about 1.80% of Limbach worth $17,319,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC grew its stake in Limbach by 21.7% during the third quarter. FMR LLC now owns 40,543 shares of the construction company's stock worth $3,072,000 after buying an additional 7,239 shares during the period. Virtu Financial LLC purchased a new stake in Limbach during the third quarter worth approximately $487,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Limbach during the third quarter worth approximately $643,000. Barclays PLC grew its stake in Limbach by 385.4% during the third quarter. Barclays PLC now owns 16,879 shares of the construction company's stock worth $1,278,000 after buying an additional 13,402 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in Limbach during the third quarter worth approximately $568,000. 55.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. 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. Stifel Nicolaus set a $103.00 target price on shares of Limbach in a research report on Wednesday, March 12th.

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Insider Activity at Limbach

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $75.43, for a total transaction of $1,915,922.00. Following the sale, the director now directly owns 164,600 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is available at the SEC website. 10.20% of the stock is currently owned by corporate insiders.

Limbach Stock Up 2.7 %

Shares of NASDAQ LMB traded up $2.19 during trading on Thursday, reaching $81.92. 277,458 shares of the stock were exchanged, compared to its average volume of 156,959. The business's 50-day moving average price is $88.21 and its 200 day moving average price is $85.86. Limbach Holdings, Inc. has a twelve month low of $38.03 and a twelve month high of $107.00. 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 capitalization of $930.04 million, a price-to-earnings ratio of 37.24, a price-to-earnings-growth ratio of 2.22 and a beta of 1.18.

Limbach (NASDAQ:LMB - Get Free Report) last posted its earnings results on Monday, March 10th. The construction company reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.31. The business had revenue of $143.70 million for the quarter, compared to analysts' expectations of $149.37 million. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The business's revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 earnings per share. As a group, equities analysts forecast that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

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.