Next Century Growth Investors LLC Invests $13.37 Million in Limbach Holdings, Inc. (NASDAQ:LMB)

Next Century Growth Investors LLC bought a new stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB) in the 4th quarter, Holdings Channel.com reports. The firm bought 156,350 shares of the construction company’s stock, valued at approximately $13,374,000.

Other hedge funds have also recently bought and sold shares of the company. Teacher Retirement System of Texas lifted its stake in Limbach by 5.2% during the fourth quarter. Teacher Retirement System of Texas now owns 3,453 shares of the construction company’s stock valued at $295,000 after purchasing an additional 172 shares during the last quarter. Swiss National Bank grew its holdings in shares of Limbach by 1.0% in the 4th quarter. Swiss National Bank now owns 19,900 shares of the construction company’s stock worth $1,702,000 after acquiring an additional 200 shares during the last quarter. Rhumbline Advisers raised its position in shares of Limbach by 1.8% during the fourth quarter. Rhumbline Advisers now owns 14,065 shares of the construction company’s stock worth $1,203,000 after purchasing an additional 255 shares during the period. IFP Advisors Inc purchased a new stake in shares of Limbach during the fourth quarter valued at $37,000. Finally, Saturna Capital Corp boosted its position in shares of Limbach by 7.0% in the 4th quarter. Saturna Capital Corp now owns 9,804 shares of the construction company’s stock valued at $839,000 after purchasing an additional 639 shares during the period. 55.85% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Limbach

In related news, Director Joshua Horowitz sold 25,400 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $75.43, for a total value of $1,915,922.00. Following the transaction, the director now directly owns 164,600 shares of the company’s stock, valued at approximately $12,415,778. This trade represents a 13.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 10.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on LMB shares. Lake Street Capital boosted their price objective on Limbach from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Stifel Nicolaus set a $103.00 target price on shares of Limbach in a research note on Wednesday, March 12th.

Limbach Stock Up 3.8 %

LMB stock opened at $80.63 on Friday. The company has a 50 day moving average of $80.80 and a two-hundred day moving average of $86.70. The company has a market cap of $915.39 million, a price-to-earnings ratio of 36.65, a PEG ratio of 2.22 and a beta of 1.01. Limbach Holdings, Inc. has a 12-month low of $38.39 and a 12-month 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) last issued its earnings results on Monday, March 10th. The construction company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.31. The company had revenue of $143.70 million for the quarter, compared to analyst estimates of $149.37 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The business’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 EPS. On average, equities analysts anticipate that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

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.