American Century Companies Inc. Sells 34,277 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

American Century Companies Inc. cut its holdings in Limbach Holdings, Inc. (NASDAQ:LMB) by 19.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 141,959 shares of the construction company’s stock after selling 34,277 shares during the quarter. American Century Companies Inc. owned approximately 1.26% of Limbach worth $12,143,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. IFP Advisors Inc acquired a new stake in shares of Limbach in the 4th quarter valued at approximately $37,000. US Bancorp DE acquired a new stake in Limbach in the fourth quarter valued at approximately $115,000. Bailard Inc. bought a new stake in shares of Limbach during the fourth quarter worth $257,000. Sanctuary Advisors LLC acquired a new position in shares of Limbach during the third quarter worth $262,000. Finally, Teacher Retirement System of Texas lifted its stake in shares of Limbach by 5.2% in the 4th quarter. Teacher Retirement System of Texas now owns 3,453 shares of the construction company’s stock valued at $295,000 after acquiring an additional 172 shares during the last quarter. Institutional investors own 55.85% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Lake Street Capital upped their target price on Limbach from $100.00 to $125.00 and gave the stock a “buy” rating in a 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 Stock Up 1.0 %

Shares of LMB opened at $75.21 on Wednesday. The stock’s 50-day moving average price is $85.27 and its two-hundred day moving average price is $86.91. Limbach Holdings, Inc. has a 12 month low of $38.03 and a 12 month high of $107.00. The company has a market capitalization of $853.86 million, a PE ratio of 34.19, a PEG 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 (NASDAQ:LMB) last announced its earnings results on Monday, March 10th. The construction company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.84 by $0.31. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The business had revenue of $143.70 million for the quarter, compared to analysts’ expectations of $149.37 million. During the same period in the prior year, the business posted $0.68 earnings per share. The firm’s revenue was up .7% on a year-over-year basis. On average, analysts anticipate that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $75.43, for a total value of $1,915,922.00. Following the transaction, the director now directly owns 164,600 shares of the company’s stock, valued at approximately $12,415,778. The trade was a 13.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.20% of the stock is owned by insiders.

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.