Limbach Holdings, Inc. (NASDAQ:LMB) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,065 shares of the construction company’s stock after buying an additional 255 shares during the quarter. Rhumbline Advisers owned 0.12% of Limbach worth $1,203,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Capital Advisory LLC acquired a new position in shares of Limbach during the third quarter worth about $25,000. Quest Partners LLC purchased a new position in Limbach in the third quarter worth approximately $207,000. Harbor Capital Advisors Inc. grew its holdings in Limbach by 6.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company’s stock worth $207,000 after acquiring an additional 162 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Limbach in the 3rd quarter valued at approximately $262,000. Finally, Janus Henderson Group PLC acquired a new stake in shares of Limbach in the 3rd quarter valued at $333,000. Hedge funds and other institutional investors own 55.85% of the company’s stock.

Limbach Stock Up 4.3 %

LMB opened at $77.43 on Thursday. Limbach Holdings, Inc. has a one year low of $38.03 and a one year high of $107.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market capitalization of $872.87 million, a P/E ratio of 35.20, a price-to-earnings-growth ratio of 2.22 and a beta of 1.11. The business’s 50-day simple moving average is $91.50 and its 200-day simple moving average is $85.10.

Insider Buying and Selling

In other Limbach news, Director David Richard Gaboury bought 531 shares of Limbach stock in a transaction dated Tuesday, December 10th. The stock was acquired at an average cost of $94.51 per share, with a total value 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Stifel Nicolaus increased their price objective on Limbach from $110.00 to $117.00 and gave the company a “buy” rating in a report on Friday, January 24th. Lake Street Capital increased their price target on shares of Limbach from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Finally, StockNews.com cut shares of Limbach from a “buy” rating to a “hold” rating in a report on Thursday, November 14th.

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.