Victory Capital Management Inc. Has $3.70 Million Holdings in Limbach Holdings, Inc. (NASDAQ:LMB)

Victory Capital Management Inc. increased its holdings in Limbach Holdings, Inc. (NASDAQ:LMB) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,979 shares of the construction company’s stock after acquiring an additional 1,481 shares during the period. Victory Capital Management Inc. owned about 0.58% of Limbach worth $3,699,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in LMB. Grizzlyrock Capital LLC purchased a new stake in Limbach in the 4th quarter valued at about $602,000. Vanguard Group Inc. increased its stake in Limbach by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 566,501 shares of the construction company’s stock valued at $23,464,000 after buying an additional 32,030 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Limbach by 368.5% in the 1st quarter. Russell Investments Group Ltd. now owns 71,878 shares of the construction company’s stock valued at $2,977,000 after buying an additional 56,535 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Limbach in the 2nd quarter valued at about $3,532,000. Finally, Panagora Asset Management Inc. increased its stake in Limbach by 1.4% in the 4th quarter. Panagora Asset Management Inc. now owns 23,436 shares of the construction company’s stock valued at $1,066,000 after buying an additional 320 shares during the last quarter. Institutional investors and hedge funds own 55.85% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Limbach from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th.

Insider Activity

In related news, Director Joshua Horowitz sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $64.02, for a total value of $320,100.00. Following the completion of the transaction, the director now directly owns 190,000 shares of the company’s stock, valued at approximately $12,163,800. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 40,072 shares of company stock valued at $2,418,821 in the last three months. Company insiders own 10.20% of the company’s stock.

Limbach Stock Up 0.3 %

Limbach stock opened at $72.23 on Tuesday. Limbach Holdings, Inc. has a twelve month low of $26.76 and a twelve month high of $76.21. The firm has a 50 day moving average price of $61.98 and a 200-day moving average price of $53.70. The company has a market capitalization of $814.03 million, a P/E ratio of 33.60, a P/E/G ratio of 2.35 and a beta of 0.95. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.15.

Limbach (NASDAQ:LMB) last released its earnings results on Tuesday, August 6th. The construction company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. Limbach had a net margin of 5.08% and a return on equity of 21.06%. The firm had revenue of $122.24 million during the quarter, compared to the consensus estimate of $123.50 million. During the same period in the prior year, the firm earned $0.46 EPS. As a group, equities analysts predict that Limbach Holdings, Inc. will post 2.43 EPS for the current year.

Limbach Company 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.