Empowered Funds LLC Has $653,000 Stock Position in Limbach Holdings, Inc. (NASDAQ:LMB)

Empowered Funds LLC grew its holdings in Limbach Holdings, Inc. (NASDAQ:LMB) by 4.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,618 shares of the construction company’s stock after acquiring an additional 402 shares during the quarter. Empowered Funds LLC owned 0.08% of Limbach worth $653,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Royce & Associates LP boosted its holdings in Limbach by 35.3% in the 3rd quarter. Royce & Associates LP now owns 249,578 shares of the construction company’s stock valued at $18,908,000 after purchasing an additional 65,082 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Limbach in the third quarter valued at approximately $568,000. American Capital Advisory LLC bought a new stake in shares of Limbach in the third quarter valued at approximately $25,000. Harbor Capital Advisors Inc. grew its position in Limbach by 6.3% during the third quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company’s stock worth $207,000 after buying an additional 162 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Limbach by 16.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 29,806 shares of the construction company’s stock worth $2,258,000 after acquiring an additional 4,128 shares during the period. 55.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Joshua Horowitz sold 5,000 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was 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 of the company’s stock, valued at $12,163,800. This trade represents a 2.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 10.20% of the stock is currently owned by corporate insiders.

Limbach Stock Up 3.7 %

NASDAQ LMB opened at $102.64 on Friday. The business has a fifty day moving average price of $82.35 and a two-hundred day moving average price of $66.80. The stock has a market capitalization of $1.16 billion, a PE ratio of 46.65, a PEG ratio of 3.25 and a beta of 0.97. Limbach Holdings, Inc. has a fifty-two week low of $35.24 and a fifty-two week high of $103.20. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Stifel Nicolaus started coverage on Limbach in a research report on Friday, November 15th. They set a “buy” rating and a $108.00 target price for the company. StockNews.com cut shares of Limbach from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Roth Mkm increased their price objective on shares of Limbach from $67.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, November 4th.

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.