Russell Investments Group Ltd. Decreases Stake in Limbach Holdings, Inc. (NASDAQ:LMB)

Russell Investments Group Ltd. lessened its holdings in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 25.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 74,289 shares of the construction company's stock after selling 24,819 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.66% of Limbach worth $6,355,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Buying and Selling

In other news, Director Joshua Horowitz sold 25,400 shares of the business's stock in a transaction dated 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 completion of the sale, the director now owns 164,600 shares of the company's stock, valued at $12,415,778. The trade was 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 at this link. 10.20% of the stock is currently owned by insiders.

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Limbach Stock Down 0.4 %

LMB stock traded down $0.29 on Tuesday, hitting $79.88. 193,417 shares of the company's stock were exchanged, compared to its average volume of 166,821. The firm has a 50 day moving average price of $79.94 and a two-hundred day moving average price of $86.78. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57. Limbach Holdings, Inc. has a 12-month low of $38.39 and a 12-month high of $107.00. The stock has a market cap of $906.88 million, a P/E ratio of 36.31, a price-to-earnings-growth ratio of 2.22 and a beta of 1.01.

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

Analyst Ratings Changes

Several brokerages have issued reports on LMB. Lake Street Capital increased their target price on Limbach from $100.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Stifel Nicolaus set a $103.00 target price on Limbach in a research note on Wednesday, March 12th.

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.