Thames Capital Management LLC Invests $4.48 Million in Limbach Holdings, Inc. (NASDAQ:LMB)

Thames Capital Management LLC bought a new position in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 52,385 shares of the construction company's stock, valued at approximately $4,481,000. Thames Capital Management LLC owned 0.46% of Limbach as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. IFP Advisors Inc purchased a new stake in Limbach in the fourth quarter worth $37,000. US Bancorp DE purchased a new position in shares of Limbach during the fourth quarter valued at about $115,000. KLP Kapitalforvaltning AS bought a new position in Limbach in the fourth quarter worth about $154,000. Bailard Inc. purchased a new stake in Limbach in the fourth quarter worth about $257,000. Finally, Teacher Retirement System of Texas boosted 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 valued at $295,000 after acquiring an additional 172 shares in the last quarter. Institutional investors own 55.85% of the company's stock.

Wall Street Analyst Weigh In

LMB has been the subject of a number of research analyst reports. 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 note on Tuesday, February 4th. Stifel Nicolaus set a $103.00 price objective on Limbach in a research report on Wednesday, March 12th.

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Insider Buying and Selling at Limbach

In other news, Director Joshua Horowitz sold 25,400 shares of the company'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. This represents a 13.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 10.20% of the company's stock.

Limbach Stock Up 1.4 %

Shares of NASDAQ:LMB traded up $1.08 on Friday, hitting $78.73. 114,390 shares of the company traded hands, compared to its average volume of 165,486. The company has a market cap of $893.86 million, a PE ratio of 35.92, a PEG ratio of 2.22 and a beta of 1.01. The stock has a 50 day simple moving average of $81.12 and a 200-day simple moving average of $86.66. Limbach Holdings, Inc. has a 52 week low of $38.39 and a 52 week 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.

Limbach (NASDAQ:LMB - Get Free Report) last issued its earnings results on Monday, March 10th. The construction company reported $1.15 earnings per share (EPS) 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 firm 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 firm posted $0.68 earnings per share. The business's revenue was up .7% on a year-over-year basis. As a group, research analysts expect that Limbach Holdings, Inc. will post 2.54 earnings per share for the current 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.