Wasatch Advisors LP Boosts Holdings in Limbach Holdings, Inc. (NASDAQ:LMB)

Wasatch Advisors LP lifted its stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 374,382 shares of the construction company’s stock after purchasing an additional 1,546 shares during the period. Wasatch Advisors LP’s holdings in Limbach were worth $32,025,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. IFP Advisors Inc acquired a new stake in Limbach in the 4th quarter worth about $37,000. US Bancorp DE purchased a new position in shares of Limbach in the fourth quarter valued at approximately $115,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Limbach in the fourth quarter worth approximately $154,000. Bailard Inc. purchased a new stake in shares of Limbach during the fourth quarter worth approximately $257,000. Finally, Sanctuary Advisors LLC acquired a new position in Limbach in the 3rd quarter valued at $262,000. Institutional investors and hedge funds own 55.85% of the company’s stock.

Insiders Place Their Bets

In related news, Director Joshua Horowitz sold 25,400 shares of the 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 completion of the transaction, the director now directly owns 164,600 shares in the company, valued at approximately $12,415,778. This represents a 13.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 10.20% of the stock is owned by insiders.

Analysts Set New Price Targets

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

Limbach Price Performance

NASDAQ:LMB opened at $85.16 on Thursday. The stock has a 50 day moving average price of $79.69 and a 200 day moving average price of $86.77. The stock has a market cap of $966.82 million, a PE ratio of 38.71, a P/E/G 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 one year low of $38.70 and a one year high of $107.00.

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