Saturna Capital Corp Has $694,000 Holdings in Limbach Holdings, Inc. (NASDAQ:LMB)

Saturna Capital Corp reduced its stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 53.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,165 shares of the construction company's stock after selling 10,719 shares during the quarter. Saturna Capital Corp owned about 0.08% of Limbach worth $694,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its stake in Limbach by 6.3% during the third quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company's stock valued at $207,000 after buying an additional 162 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in Limbach by 0.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 28,963 shares of the construction company's stock valued at $1,649,000 after acquiring an additional 261 shares during the last quarter. Meeder Asset Management Inc. boosted its position in shares of Limbach by 7.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 4,072 shares of the construction company's stock valued at $232,000 after purchasing an additional 292 shares in the last quarter. American Capital Advisory LLC acquired a new position in shares of Limbach in the 3rd quarter worth approximately $25,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Limbach by 8.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,199 shares of the construction company's stock worth $257,000 after purchasing an additional 483 shares in the last quarter. Institutional investors and hedge funds own 55.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Roth Mkm upped their price target on shares of Limbach from $67.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, November 4th. StockNews.com upgraded Limbach from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th.

Insider Buying and Selling

In related news, Director Joshua Horowitz sold 7,272 shares of Limbach stock in a transaction on Monday, August 19th. The shares were sold at an average price of $59.85, for a total value of $435,229.20. Following the completion of the sale, the director now owns 210,000 shares of the company's stock, valued at approximately $12,568,500. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have sold 28,072 shares of company stock worth $1,708,781. Insiders own 10.20% of the company's stock.

Limbach Stock Down 2.3 %

Shares of LMB traded down $2.11 during trading hours on Wednesday, reaching $91.26. The company's stock had a trading volume of 88,037 shares, compared to its average volume of 163,381. The company has a 50 day moving average of $77.65 and a two-hundred day moving average of $64.28. 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 firm has a market cap of $1.03 billion, a price-to-earnings ratio of 41.81, a P/E/G ratio of 3.02 and a beta of 0.97. Limbach Holdings, Inc. has a 1-year low of $35.24 and a 1-year high of $98.36.

Limbach (NASDAQ:LMB - Get Free Report) last released its earnings results on Tuesday, November 5th. The construction company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.05. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The company had revenue of $133.90 million during the quarter, compared to the consensus estimate of $129.50 million. During the same quarter in the prior year, the firm earned $0.61 EPS. The company's revenue was up 4.9% compared to the same quarter last year. As a group, research analysts predict that Limbach Holdings, Inc. will post 2.58 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.