Isthmus Partners LLC Purchases New Position in Limbach Holdings, Inc. (NASDAQ:LMB)

Isthmus Partners LLC acquired a new position in Limbach Holdings, Inc. (NASDAQ:LMB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 44,938 shares of the construction company’s stock, valued at approximately $3,405,000. Isthmus Partners LLC owned about 0.40% of Limbach at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. American Capital Advisory LLC purchased a new position in shares of Limbach during the third quarter worth approximately $25,000. nVerses Capital LLC purchased a new position in Limbach during the third quarter valued at approximately $53,000. Quest Partners LLC purchased a new position in Limbach during the third quarter valued at approximately $207,000. Harbor Capital Advisors Inc. increased its holdings in Limbach by 6.3% during the third quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company’s stock valued at $207,000 after buying an additional 162 shares during the period. Finally, Mraz Amerine & Associates Inc. purchased a new position in Limbach during the third quarter valued at approximately $265,000. Institutional investors own 55.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LMB. Stifel Nicolaus began coverage on shares of Limbach in a report on Friday, November 15th. They issued a “buy” rating and a $108.00 price target on the stock. StockNews.com lowered shares of Limbach from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Finally, Roth Mkm lifted their price target on shares of Limbach from $67.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, November 4th.

Insider Activity at Limbach

In related news, Director Joshua Horowitz sold 5,000 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $64.02, for a total transaction of $320,100.00. Following the completion of the transaction, the director now directly owns 190,000 shares in the company, valued at $12,163,800. The trade was a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.20% of the stock is currently owned by insiders.

Limbach Trading Down 3.2 %

NASDAQ:LMB opened at $98.76 on Friday. Limbach Holdings, Inc. has a 12 month low of $35.24 and a 12 month high of $104.98. The firm has a fifty day simple moving average of $84.01 and a 200-day simple moving average of $68.02. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $1.11 billion, a P/E ratio of 44.89, a PEG ratio of 3.25 and a beta of 0.97.

Limbach (NASDAQ:LMB) last posted its quarterly earnings data on Tuesday, November 5th. The construction company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.57 by $0.05. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The business had revenue of $133.90 million during the quarter, compared to the consensus estimate of $129.50 million. During the same period in the previous year, the firm posted $0.61 earnings per share. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities research analysts anticipate that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

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.