Limbach Holdings, Inc. (NASDAQ:LMB) Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lifted its holdings in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 41.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 216,567 shares of the construction company’s stock after buying an additional 62,987 shares during the period. Rockefeller Capital Management L.P.’s holdings in Limbach were worth $18,525,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Thames Capital Management LLC acquired a new stake in Limbach during the 4th quarter valued at $4,481,000. Moody Aldrich Partners LLC purchased a new position in Limbach in the 4th quarter valued at about $4,430,000. JPMorgan Chase & Co. grew its stake in shares of Limbach by 698.7% during the fourth quarter. JPMorgan Chase & Co. now owns 41,483 shares of the construction company’s stock valued at $3,548,000 after acquiring an additional 36,289 shares in the last quarter. F M Investments LLC purchased a new stake in shares of Limbach during the fourth quarter worth about $2,753,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Limbach by 120.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 56,687 shares of the construction company’s stock worth $4,849,000 after acquiring an additional 31,002 shares in the last quarter. 55.85% of the stock is owned by hedge funds and other institutional investors.

Limbach Trading Down 0.6 %

Shares of NASDAQ LMB opened at $80.17 on Tuesday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average price is $80.39 and its two-hundred day moving average price is $86.83. Limbach Holdings, Inc. has a 52-week low of $38.39 and a 52-week high of $107.00. The stock has a market capitalization of $910.17 million, a P/E ratio of 36.44, a PEG ratio of 2.22 and a beta of 1.01.

Limbach (NASDAQ:LMB) last posted its quarterly earnings results on Monday, March 10th. The construction company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.31. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The business had revenue of $143.70 million for the quarter, compared to analyst estimates of $149.37 million. During the same period in the prior year, the company posted $0.68 EPS. The business’s revenue was up .7% compared to the same quarter last year. On average, analysts anticipate that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Lake Street Capital lifted 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 price target on shares of Limbach in a research note on Wednesday, March 12th.

Insider Activity

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 sale, the director now 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 document filed with the SEC, which is accessible through this hyperlink. Company insiders own 10.20% of the company’s stock.

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.