BNP Paribas Financial Markets Purchases 1,521 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

BNP Paribas Financial Markets increased its position in Limbach Holdings, Inc. (NASDAQ:LMB) by 40.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,276 shares of the construction company’s stock after purchasing an additional 1,521 shares during the quarter. BNP Paribas Financial Markets’ holdings in Limbach were worth $400,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. American Capital Advisory LLC bought a new stake in Limbach during the 3rd quarter valued at $25,000. nVerses Capital LLC bought a new stake in Limbach during the 3rd quarter valued at $53,000. Harbor Capital Advisors Inc. boosted its position in Limbach by 6.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company’s stock valued at $207,000 after acquiring an additional 162 shares in the last quarter. Quest Partners LLC bought a new stake in Limbach during the 3rd quarter valued at $207,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Limbach during the 2nd quarter valued at $223,000. Institutional investors own 55.85% of the company’s stock.

Insider Buying and Selling at Limbach

In related news, Director David Richard Gaboury acquired 531 shares of Limbach stock in a transaction on Tuesday, December 10th. The stock was acquired at an average price of $94.51 per share, for a total transaction of $50,184.81. Following the purchase, 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 legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 10.20% of the company’s stock.

Limbach Stock Performance

Shares of LMB opened at $94.33 on Friday. Limbach Holdings, Inc. has a 12 month low of $35.24 and a 12 month high of $107.00. The stock has a fifty day moving average price of $89.30 and a 200-day moving average price of $71.80. 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 $1.06 billion, a PE ratio of 42.88, a P/E/G ratio of 3.18 and a beta of 1.09.

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

Analysts Set New Price Targets

LMB has been the topic of several recent research reports. StockNews.com cut Limbach from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Roth Mkm increased their target price on Limbach from $67.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, Stifel Nicolaus increased their target price on Limbach from $108.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday.

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.