EAM Investors LLC Has $941,000 Stock Position in Limbach Holdings, Inc. (NASDAQ:LMB)

EAM Investors LLC lessened its position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 22.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 11,001 shares of the construction company’s stock after selling 3,236 shares during the quarter. EAM Investors LLC’s holdings in Limbach were worth $941,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Limbach by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 604,397 shares of the construction company’s stock valued at $51,700,000 after purchasing an additional 3,001 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Limbach by 2.2% in the third quarter. Geode Capital Management LLC now owns 238,445 shares of the construction company’s stock valued at $18,068,000 after buying an additional 5,093 shares during the period. State Street Corp raised its position in shares of Limbach by 11.1% in the 3rd quarter. State Street Corp now owns 219,120 shares of the construction company’s stock worth $16,601,000 after acquiring an additional 21,951 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Limbach by 41.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 216,567 shares of the construction company’s stock worth $18,525,000 after acquiring an additional 62,987 shares in the last quarter. Finally, Next Century Growth Investors LLC acquired a new position in shares of Limbach in the 4th quarter valued at about $13,374,000. Institutional investors own 55.85% of the company’s stock.

Limbach Price Performance

Shares of NASDAQ LMB opened at $85.16 on Thursday. The stock has a market cap of $966.82 million, a price-to-earnings ratio of 38.71, a PEG ratio of 2.22 and a beta of 1.01. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57. Limbach Holdings, Inc. has a fifty-two week low of $38.70 and a fifty-two week high of $107.00. The firm’s 50-day simple moving average is $79.69 and its 200 day simple moving average is $86.77.

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

Analysts Set New Price Targets

LMB has been the subject of a number of research analyst reports. Lake Street Capital lifted their target price 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.

Insiders Place Their Bets

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of Limbach stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $75.43, for a total transaction of $1,915,922.00. Following the transaction, the director now owns 164,600 shares of the company’s stock, valued at $12,415,778. This trade represents a 13.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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.