2 weeks Ago By Defense World Staff
Sei Investments Co. increased its position in shares of Limbach Holdings, Inc. (NASDAQ:LMB – Free Report) by 585.
9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,292 shares of the construction company’s stock after purchasing an additional 23,313 shares during the period. Sei Investments Co.
owned 0.24% of Limbach worth $2,335,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LMB.
IFP Advisors Inc purchased a new position in Limbach during the 4th quarter worth approximately $37,000. US Bancorp DE acquired a new position in shares of Limbach in the fourth quarter worth $115,000. Bailard Inc.
acquired a new position in Limbach in the 4th quarter worth about $257,000. Sanctuary Advisors LLC purchased a new stake in shares of Limbach during the 3rd quarter worth about $262,000. Finally, Teacher Retirement System of Texas grew its stake in shares of Limbach by 5.
2% in the 4th quarter. Teacher Retirement System of Texas now owns 3,453 shares of the construction company’s stock valued at $295,000 after buying an additional 172 shares in the last quarter. Institutional investors own 55.
85% of the company’s stock. Limbach Stock PerformanceNASDAQ LMB opened at $69.30 on Friday.
Limbach Holdings, Inc. has a 1-year low of $38.03 and a 1-year high of $107.
00. The company has a 50 day moving average of $83.40 and a 200-day moving average of $86.
72. 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 firm has a market cap of $786.
76 million, a price-to-earnings ratio of 31.50, a PEG ratio of 2.22 and a beta of 1.
01. Limbach (NASDAQ:LMB – Get Free Report) last released its quarterly earnings results on Monday, March 10th. The construction company reported $1.
15 earnings per share (EPS) 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 business had revenue of $143.70 million during the quarter, compared to analysts’ expectations of $149.37 million.
During the same period in the previous year, the business posted $0.68 earnings per share. The firm’s revenue for the quarter was up .
7% compared to the same quarter last year. On average, equities analysts forecast that Limbach Holdings, Inc. will post 2.
54 earnings per share for the current fiscal year. Insiders Place Their BetsIn other Limbach news, Director Joshua Horowitz sold 25,400 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was 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 in the company, valued at approximately $12,415,778.
This trade represents a 13.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Company insiders own 10.20% of the company’s stock. Analyst Ratings ChangesLMB has been the subject of several research analyst reports.
Stifel Nicolaus set a $103.00 price objective on Limbach in a research report on Wednesday, March 12th. Lake Street Capital increased their price target on shares of Limbach from $100.
00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 4th.Read Our Latest Stock Analysis on LMBLimbach Profile (Free Report)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.Further ReadingFive stocks we like better than LimbachWhat is the Hang Seng index? Archer Aviation’s Africa Deal Could Boost ACHR StockThe 3 Best Retail Stocks to Shop for in AugustAre Short Sellers Wrong About These 3 Semiconductor Stocks?2 Fintech Stocks to Buy Now and 1 to AvoidBoeing Gets $50B in March Orders—Is BA Stock a Buy Now?.
