Janus Henderson Group PLC Takes $333,000 Position in Limbach Holdings, Inc. (NASDAQ:LMB)

Janus Henderson Group PLC bought a new position in Limbach Holdings, Inc. (NASDAQ:LMB) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,400 shares of the construction company’s stock, valued at approximately $333,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SummerHaven Investment Management LLC raised its position in shares of Limbach by 0.9% in the second quarter. SummerHaven Investment Management LLC now owns 28,963 shares of the construction company’s stock worth $1,649,000 after acquiring an additional 261 shares during the period. Calamos Advisors LLC grew its holdings in Limbach by 6.0% in the second quarter. Calamos Advisors LLC now owns 15,798 shares of the construction company’s stock valued at $899,000 after purchasing an additional 891 shares during the period. Bank of New York Mellon Corp increased its position in shares of Limbach by 10.2% in the second quarter. Bank of New York Mellon Corp now owns 33,829 shares of the construction company’s stock valued at $1,926,000 after buying an additional 3,120 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Limbach during the 2nd quarter worth approximately $3,532,000. Finally, Principal Financial Group Inc. lifted its position in shares of Limbach by 15.9% during the 2nd quarter. Principal Financial Group Inc. now owns 11,866 shares of the construction company’s stock valued at $676,000 after buying an additional 1,626 shares in the last quarter. 55.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LMB has been the subject of several research reports. StockNews.com lowered Limbach from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Stifel Nicolaus increased their price objective on Limbach from $108.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Roth Mkm raised their price objective on Limbach from $67.00 to $80.00 and gave the company a “buy” rating in a report on Monday, November 4th.

Insiders Place Their Bets

In other news, Director David Richard Gaboury purchased 531 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was bought at an average price of $94.51 per share, for a total transaction of $50,184.81. Following the completion of the purchase, the director now directly owns 2,071 shares of the company’s stock, valued at $195,730.21. The trade was a 34.48 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 10.20% of the company’s stock.

Limbach Stock Performance

Shares of Limbach stock opened at $94.33 on Monday. The business’s fifty day simple moving average is $89.30 and its 200-day simple moving average is $71.90. 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 firm 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. Limbach Holdings, Inc. has a 52 week low of $35.24 and a 52 week high of $107.00.

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

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.