Fmr LLC Boosts Holdings in Limbach Holdings, Inc. (NASDAQ:LMB)

Fmr LLC grew its stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 21.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,543 shares of the construction company’s stock after buying an additional 7,239 shares during the period. Fmr LLC owned 0.36% of Limbach worth $3,072,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in LMB. American Century Companies Inc. increased its stake in shares of Limbach by 6.0% during the 2nd quarter. American Century Companies Inc. now owns 208,223 shares of the construction company’s stock valued at $11,854,000 after acquiring an additional 11,782 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Limbach during the 3rd quarter worth approximately $568,000. Allspring Global Investments Holdings LLC raised its position in shares of Limbach by 34.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 83,385 shares of the construction company’s stock valued at $6,317,000 after purchasing an additional 21,346 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in shares of Limbach during the 2nd quarter valued at approximately $2,653,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Limbach by 186.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 83,945 shares of the construction company’s stock worth $6,360,000 after acquiring an additional 54,599 shares in the last quarter. 55.85% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Limbach

In other Limbach news, Director David Richard Gaboury bought 531 shares of Limbach stock in a transaction that occurred on Tuesday, December 10th. The stock was purchased at an average cost of $94.51 per share, for a total transaction of $50,184.81. Following the completion of the acquisition, the director now owns 2,071 shares of the company’s stock, valued at approximately $195,730.21. This represents a 34.48 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 10.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Stifel Nicolaus lifted their price objective on shares of Limbach from $108.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday. Roth Mkm raised their price target on shares of Limbach from $67.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, StockNews.com downgraded shares of Limbach from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th.

Limbach Stock Down 0.2 %

LMB stock opened at $94.33 on Friday. Limbach Holdings, Inc. has a fifty-two week low of $35.24 and a fifty-two week high of $107.00. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14. The stock has a market cap of $1.06 billion, a PE ratio of 42.88, a price-to-earnings-growth ratio of 3.18 and a beta of 1.09. The firm’s 50-day simple moving average is $89.30 and its 200 day simple moving average is $71.71.

Limbach (NASDAQ:LMB) last posted 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 net margin of 5.08% and a return on equity of 20.16%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 earnings per share. As a group, sell-side analysts predict that Limbach Holdings, Inc. will post 2.54 EPS 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.