Limbach Holdings, Inc. (NASDAQ:LMB) Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 43.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,961 shares of the construction company’s stock after purchasing an additional 11,179 shares during the quarter. Los Angeles Capital Management LLC owned 0.33% of Limbach worth $1,531,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. New York State Teachers Retirement System acquired a new stake in Limbach in the fourth quarter valued at $38,000. Gladius Capital Management LP purchased a new position in shares of Limbach in the fourth quarter valued at $44,000. USA Financial Formulas increased its position in shares of Limbach by 13,000.0% in the fourth quarter. USA Financial Formulas now owns 1,703 shares of the construction company’s stock valued at $77,000 after buying an additional 1,690 shares in the last quarter. AJOVista LLC purchased a new position in shares of Limbach in the fourth quarter valued at $82,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Limbach in the third quarter valued at $143,000. Institutional investors and hedge funds own 55.85% of the company’s stock.

Limbach Trading Down 2.0 %

Shares of LMB stock opened at $54.06 on Friday. Limbach Holdings, Inc. has a fifty-two week low of $22.00 and a fifty-two week high of $60.48. The stock has a market cap of $604.39 million, a P/E ratio of 25.14, a P/E/G ratio of 2.44 and a beta of 1.02. The business has a fifty day simple moving average of $50.69 and a 200-day simple moving average of $45.80. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.15.

Limbach (NASDAQ:LMB) last posted its quarterly earnings data on Wednesday, May 8th. The construction company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.28. The firm had revenue of $118.98 million during the quarter, compared to analysts’ expectations of $126.50 million. Limbach had a return on equity of 21.75% and a net margin of 4.93%. On average, analysts forecast that Limbach Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com cut Limbach from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 13th.

Insider Buying and Selling

In related news, Director Michael F. Mcnally sold 7,973 shares of Limbach stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $50.16, for a total transaction of $399,925.68. Following the completion of the sale, the director now owns 56,509 shares in the company, valued at approximately $2,834,491.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Limbach news, Director Joshua Horowitz sold 7,000 shares of Limbach stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $57.07, for a total value of $399,490.00. Following the completion of the sale, the director now owns 249,672 shares in the company, valued at approximately $14,248,781.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael F. Mcnally sold 7,973 shares of Limbach stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $50.16, for a total value of $399,925.68. Following the completion of the sale, the director now owns 56,509 shares of the company’s stock, valued at approximately $2,834,491.44. The disclosure for this sale can be found here. 10.20% of the stock is currently owned by company insiders.

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.