5,761 Shares in Limbach Holdings, Inc. (NASDAQ:LMB) Acquired by Semanteon Capital Management LP

Semanteon Capital Management LP purchased a new position in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,761 shares of the construction company's stock, valued at approximately $493,000. Semanteon Capital Management LP owned about 0.05% of Limbach at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LMB. Teacher Retirement System of Texas grew its position in Limbach by 5.2% during the 4th quarter. Teacher Retirement System of Texas now owns 3,453 shares of the construction company's stock worth $295,000 after purchasing an additional 172 shares during the period. Swiss National Bank raised its stake in shares of Limbach by 1.0% during the 4th quarter. Swiss National Bank now owns 19,900 shares of the construction company's stock worth $1,702,000 after buying an additional 200 shares during the period. Rhumbline Advisers lifted its position in shares of Limbach by 1.8% during the 4th quarter. Rhumbline Advisers now owns 14,065 shares of the construction company's stock valued at $1,203,000 after buying an additional 255 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Limbach by 0.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 46,987 shares of the construction company's stock valued at $3,560,000 after acquiring an additional 382 shares during the period. Finally, Empowered Funds LLC grew its stake in Limbach by 4.9% in the 3rd quarter. Empowered Funds LLC now owns 8,618 shares of the construction company's stock valued at $653,000 after acquiring an additional 402 shares during the period. Institutional investors and hedge funds own 55.85% of the company's stock.

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Analyst Ratings Changes

Several research firms recently weighed in on LMB. Stifel Nicolaus set a $103.00 price target on shares of Limbach in a research report on Wednesday, March 12th. Lake Street Capital raised 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.

Insider Activity

In related 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 value of $1,915,922.00. Following the sale, the director now directly owns 164,600 shares in the company, valued at approximately $12,415,778. The trade was a 13.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 10.20% of the company's stock.

Limbach Price Performance

Shares of NASDAQ:LMB traded down $0.66 during midday trading on Wednesday, hitting $81.29. The company's stock had a trading volume of 306,797 shares, compared to its average volume of 159,697. Limbach Holdings, Inc. has a 12-month low of $38.03 and a 12-month high of $107.00. The company has a market cap of $922.89 million, a P/E ratio of 36.95, a price-to-earnings-growth ratio of 2.22 and a beta of 1.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57. The business's 50 day simple moving average is $87.03 and its 200 day simple moving average is $86.61.

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

Limbach 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.