Virtu Financial LLC bought a new stake in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,426 shares of the construction company's stock, valued at approximately $487,000. Virtu Financial LLC owned approximately 0.06% of Limbach as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also made changes to their positions in LMB. American Capital Advisory LLC bought a new stake in shares of Limbach in the 3rd quarter valued at about $25,000. nVerses Capital LLC acquired a new stake in Limbach in the 3rd quarter valued at approximately $53,000. Quest Partners LLC bought a new position in shares of Limbach during the 3rd quarter worth approximately $207,000. Harbor Capital Advisors Inc. raised its holdings in shares of Limbach by 6.3% in the third quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company's stock valued at $207,000 after purchasing an additional 162 shares during the last quarter. Finally, Mraz Amerine & Associates Inc. bought a new stake in shares of Limbach in the third quarter worth $265,000. 55.85% of the stock is owned by institutional investors.
Limbach Price Performance
Shares of NASDAQ:LMB traded down $1.16 during trading on Monday, reaching $93.17. 103,037 shares of the company traded hands, compared to its average volume of 158,677. 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 Holdings, Inc. has a 52 week low of $35.24 and a 52 week high of $107.00. The firm has a market capitalization of $1.05 billion, a PE ratio of 42.35, a PEG ratio of 3.18 and a beta of 1.09. The company's 50 day moving average is $89.30 and its two-hundred day moving average is $71.90.
Limbach (NASDAQ:LMB - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $133.90 million for the quarter, compared to the consensus estimate of $129.50 million. During the same period in the prior year, the company posted $0.61 earnings per share. The business's revenue for the quarter was up 4.9% on a year-over-year basis. As a group, sell-side analysts predict that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.
Insider Activity at Limbach
In other news, Director David Richard Gaboury purchased 531 shares of the company's stock in a transaction dated Tuesday, December 10th. The stock was bought at an average cost of $94.51 per share, for a total transaction of $50,184.81. Following the purchase, the director now owns 2,071 shares of the company's stock, valued at approximately $195,730.21. The trade was a 34.48 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 10.20% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on LMB shares. Roth Mkm raised their price objective on Limbach from $67.00 to $80.00 and gave the company a "buy" rating in a report on Monday, November 4th. StockNews.com downgraded Limbach from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th. Finally, Stifel Nicolaus raised their price objective on Limbach from $108.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th.
Read Our Latest Stock Report on LMB
About Limbach
(
Free Report)
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.
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