Globeflex Capital L P Sells 15,880 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

Globeflex Capital L P trimmed its position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 19.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,541 shares of the construction company’s stock after selling 15,880 shares during the period. Globeflex Capital L P owned 0.60% of Limbach worth $5,777,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of LMB. FMR LLC increased its holdings in Limbach by 21.7% in the 3rd quarter. FMR LLC now owns 40,543 shares of the construction company’s stock valued at $3,072,000 after acquiring an additional 7,239 shares during the last quarter. Virtu Financial LLC bought a new stake in Limbach in the 3rd quarter valued at $487,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Limbach in the 3rd quarter valued at $643,000. Barclays PLC increased its holdings in Limbach by 385.4% in the 3rd quarter. Barclays PLC now owns 16,879 shares of the construction company’s stock valued at $1,278,000 after acquiring an additional 13,402 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in Limbach in the 3rd quarter valued at $568,000. 55.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LMB has been the topic of a number of research reports. Lake Street Capital lifted their price target on shares of Limbach from $100.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Stifel Nicolaus reduced their price target on shares of Limbach from $117.00 to $102.00 and set a “buy” rating on the stock in a report on Friday, March 7th.

Limbach Stock Performance

Shares of NASDAQ:LMB opened at $76.51 on Friday. Limbach Holdings, Inc. has a 52 week low of $38.03 and a 52 week high of $107.00. The stock has a market capitalization of $868.62 million, a P/E ratio of 34.78, a PEG ratio of 2.22 and a beta of 1.18. The firm has a fifty day simple moving average of $89.76 and a two-hundred day simple moving average of $85.38. 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) last issued 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 net margin of 5.08% and a return on equity of 20.16%. The business had revenue of $143.70 million during the quarter, compared to analysts’ expectations of $149.37 million. During the same period last year, the company posted $0.68 EPS. The business’s revenue was up .7% on a year-over-year basis. On average, analysts expect that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Limbach 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 completion of the sale, the director now directly owns 164,600 shares of the company’s stock, valued at $12,415,778. The trade was a 13.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.20% of the stock is owned by corporate insiders.

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.