US Bancorp DE Buys New Stake in Limbach Holdings, Inc. (NASDAQ:LMB)

US Bancorp DE bought a new stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,347 shares of the construction company’s stock, valued at approximately $115,000.

Other institutional investors also recently bought and sold shares of the company. FMR LLC grew its stake in Limbach by 21.7% during the third quarter. FMR LLC now owns 40,543 shares of the construction company’s stock valued at $3,072,000 after acquiring an additional 7,239 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Limbach in the 3rd quarter worth $487,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Limbach in the 3rd quarter worth $643,000. Barclays PLC grew its stake in shares of Limbach by 385.4% in the 3rd quarter. Barclays PLC now owns 16,879 shares of the construction company’s stock worth $1,278,000 after buying an additional 13,402 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Limbach in the 3rd quarter worth $568,000. 55.85% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Limbach

In related news, Director Joshua Horowitz sold 25,400 shares of Limbach stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $75.43, for a total transaction of $1,915,922.00. Following the completion of the sale, the director now owns 164,600 shares in the company, valued at $12,415,778. This trade represents a 13.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 10.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on LMB shares. Lake Street Capital lifted their price objective on shares of Limbach from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Stifel Nicolaus dropped their price objective on shares of Limbach from $117.00 to $102.00 and set a “buy” rating for the company in a research note on Friday, March 7th.

Limbach Price Performance

Limbach stock opened at $76.51 on Monday. The firm has a 50-day moving average price of $89.40 and a 200-day moving average price of $85.76. The firm has a market capitalization of $868.62 million, a PE ratio of 34.78, a price-to-earnings-growth ratio of 2.22 and a beta of 1.18. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. Limbach Holdings, Inc. has a 12-month low of $38.03 and a 12-month high of $107.00.

Limbach (NASDAQ:LMB) last released its earnings results on Monday, March 10th. The construction company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.31. The firm had revenue of $143.70 million during the quarter, compared to analyst estimates of $149.37 million. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The business’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the business earned $0.68 EPS. As a group, equities research analysts forecast 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.