Swiss National Bank Raises Position in Limbach Holdings, Inc. (NASDAQ:LMB)

Swiss National Bank lifted its stake in Limbach Holdings, Inc. (NASDAQ:LMB) by 1.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,900 shares of the construction company’s stock after purchasing an additional 200 shares during the period. Swiss National Bank owned 0.18% of Limbach worth $1,702,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Saturna Capital Corp lifted its position in shares of Limbach by 7.0% during the 4th quarter. Saturna Capital Corp now owns 9,804 shares of the construction company’s stock valued at $839,000 after buying an additional 639 shares in the last quarter. PFG Advisors lifted its holdings in Limbach by 11.8% during the fourth quarter. PFG Advisors now owns 7,619 shares of the construction company’s stock valued at $652,000 after purchasing an additional 803 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Limbach in the fourth quarter worth $2,230,000. Charles Schwab Investment Management Inc. raised its position in shares of Limbach by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 85,086 shares of the construction company’s stock valued at $7,278,000 after purchasing an additional 1,141 shares during the period. Finally, Bailard Inc. purchased a new position in shares of Limbach during the 4th quarter valued at $257,000. 55.85% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Joshua Horowitz sold 25,400 shares of Limbach stock in a transaction on Friday, March 14th. The stock was 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 directly owns 164,600 shares in the company, valued at approximately $12,415,778. This trade represents a 13.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LMB shares. Lake Street Capital lifted their price objective on shares of Limbach from $100.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Stifel Nicolaus set a $103.00 price objective on shares of Limbach in a report on Wednesday, March 12th.

Limbach Price Performance

LMB stock opened at $76.26 on Friday. The company has a fifty day simple moving average of $86.13 and a two-hundred day simple moving average of $86.60. 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 capitalization of $865.78 million, a P/E ratio of 34.66, a price-to-earnings-growth ratio of 2.22 and a beta of 1.18. Limbach Holdings, Inc. has a 52 week low of $38.03 and a 52 week high of $107.00.

Limbach (NASDAQ:LMB) last issued its quarterly earnings data on Monday, March 10th. The construction company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.31. The company had revenue of $143.70 million for the quarter, compared to analysts’ expectations of $149.37 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 earnings per share. Analysts anticipate that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal 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.