Janney Montgomery Scott LLC Buys 4,128 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

Janney Montgomery Scott LLC boosted its stake in Limbach Holdings, Inc. (NASDAQ:LMB) by 16.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,806 shares of the construction company’s stock after acquiring an additional 4,128 shares during the quarter. Janney Montgomery Scott LLC owned 0.27% of Limbach worth $2,258,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new position in Limbach during the second quarter worth $3,532,000. Russell Investments Group Ltd. boosted its stake in shares of Limbach by 368.5% during the 1st quarter. Russell Investments Group Ltd. now owns 71,878 shares of the construction company’s stock worth $2,977,000 after buying an additional 56,535 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in shares of Limbach in the 2nd quarter valued at about $2,653,000. Vanguard Group Inc. increased its position in shares of Limbach by 6.0% in the first quarter. Vanguard Group Inc. now owns 566,501 shares of the construction company’s stock valued at $23,464,000 after acquiring an additional 32,030 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Limbach by 6.4% during the second quarter. Renaissance Technologies LLC now owns 394,871 shares of the construction company’s stock worth $22,480,000 after acquiring an additional 23,700 shares in the last quarter. 55.85% of the stock is owned by institutional investors and hedge funds.

Limbach Stock Down 1.0 %

LMB opened at $93.37 on Wednesday. The stock’s fifty day simple moving average is $77.65 and its 200 day simple moving average is $64.28. The company has a current ratio of 1.57, a quick ratio of 1.63 and a debt-to-equity ratio of 0.14. The stock has a market cap of $1.05 billion, a PE ratio of 42.44, a price-to-earnings-growth ratio of 3.13 and a beta of 0.97. Limbach Holdings, Inc. has a 1-year low of $34.55 and a 1-year high of $98.36.

Limbach (NASDAQ:LMB) last released its quarterly earnings results on Tuesday, November 5th. The construction company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The company 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 business earned $0.61 earnings per share. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, research analysts expect that Limbach Holdings, Inc. will post 2.58 earnings per share for the current year.

Insider Activity at Limbach

In related news, Director Joshua Horowitz sold 7,272 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $59.85, for a total transaction of $435,229.20. Following the sale, the director now owns 210,000 shares of the company’s stock, valued at $12,568,500. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 28,072 shares of company stock valued at $1,708,781. 10.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LMB shares. StockNews.com raised Limbach from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Roth Mkm boosted their target price on shares of Limbach from $67.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, November 4th.

Limbach Company 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.