Tidal Investments LLC Purchases Shares of 9,786 Limbach Holdings, Inc. (NASDAQ:LMB)

Tidal Investments LLC bought a new stake in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 9,786 shares of the construction company's stock, valued at approximately $741,000. Tidal Investments LLC owned approximately 0.09% of Limbach at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of LMB. Sanctuary Advisors LLC bought a new position in Limbach during the third quarter worth about $262,000. Virtu Financial LLC bought a new position in Limbach during the 3rd quarter worth $487,000. Barclays PLC grew its holdings in shares of Limbach by 385.4% during the 3rd quarter. Barclays PLC now owns 16,879 shares of the construction company's stock worth $1,278,000 after purchasing an additional 13,402 shares in the last quarter. Geode Capital Management LLC increased its holdings in Limbach by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 238,445 shares of the construction company's stock valued at $18,068,000 after buying an additional 5,093 shares during the period. Finally, XTX Topco Ltd bought a new position in Limbach in the third quarter valued at approximately $359,000. Institutional investors own 55.85% of the company's stock.

Insider Transactions at Limbach

In other news, Director David Richard Gaboury purchased 531 shares of the business's stock in a transaction that occurred on Tuesday, December 10th. The shares were acquired at an average cost of $94.51 per share, for a total transaction of $50,184.81. Following the completion of the acquisition, the director now owns 2,071 shares in the company, valued at $195,730.21. This trade represents a 34.48 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 10.20% of the stock is currently owned by insiders.

Limbach Trading Up 1.2 %

LMB traded up $1.06 during trading on Friday, hitting $89.76. The company's stock had a trading volume of 237,442 shares, compared to its average volume of 158,926. The firm has a market capitalization of $1.01 billion, a P/E ratio of 40.80, a PEG ratio of 3.18 and a beta of 1.09. Limbach Holdings, Inc. has a twelve month low of $35.24 and a twelve month high of $107.00. The stock's fifty day moving average price is $90.36 and its 200-day moving average price is $73.07. 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 Tuesday, November 5th. The construction company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.05. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The business had revenue of $133.90 million during the quarter, compared to analyst estimates of $129.50 million. During the same period in the previous year, the company posted $0.61 EPS. The firm's revenue was up 4.9% compared to the same quarter last year. Analysts anticipate that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on LMB. Stifel Nicolaus boosted their target price on Limbach from $108.00 to $110.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. StockNews.com cut shares of Limbach from a "buy" rating to a "hold" rating in a research note on Thursday, November 14th. Finally, Roth Mkm increased their target price 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.

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.