Kestra Private Wealth Services LLC Purchases 3,075 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

Kestra Private Wealth Services LLC raised its position in Limbach Holdings, Inc. (NASDAQ:LMB) by 36.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,563 shares of the construction company’s stock after purchasing an additional 3,075 shares during the quarter. Kestra Private Wealth Services LLC owned 0.10% of Limbach worth $989,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company acquired a new stake in shares of Limbach in the second quarter valued at about $223,000. Truist Financial Corp increased its stake in shares of Limbach by 21.0% in the second quarter. Truist Financial Corp now owns 9,049 shares of the construction company’s stock valued at $515,000 after buying an additional 1,569 shares during the period. nVerses Capital LLC acquired a new stake in shares of Limbach in the third quarter valued at about $53,000. Allspring Global Investments Holdings LLC increased its stake in shares of Limbach by 34.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 83,385 shares of the construction company’s stock valued at $6,317,000 after buying an additional 21,346 shares during the period. Finally, Mraz Amerine & Associates Inc. acquired a new stake in shares of Limbach in the third quarter valued at about $265,000. 55.85% of the stock is currently owned by institutional investors.

Limbach Trading Down 0.8 %

NASDAQ LMB opened at $90.73 on Friday. The business has a 50 day simple moving average of $94.09 and a 200 day simple moving average of $82.53. Limbach Holdings, Inc. has a one year low of $38.03 and a one year high of $107.00. The stock has a market capitalization of $1.02 billion, a P/E ratio of 41.24, a P/E/G ratio of 2.71 and a beta of 1.11. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57.

Insider Buying and Selling

In other news, Director David Richard Gaboury acquired 531 shares of Limbach stock in a transaction on Tuesday, December 10th. The stock was purchased at an average price of $94.51 per share, with a total value of $50,184.81. Following the completion of 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 position. The purchase 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.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus increased their price target on Limbach from $110.00 to $117.00 and gave the company a “buy” rating in a research note on Friday, January 24th. StockNews.com cut Limbach from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Roth Mkm raised their target price on Limbach from $67.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Lake Street Capital raised their target price on Limbach from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th.

Limbach Company 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.