New York State Common Retirement Fund Has $272,000 Stake in Limbach Holdings, Inc. (NASDAQ:LMB)

New York State Common Retirement Fund reduced its holdings in Limbach Holdings, Inc. (NASDAQ:LMB) by 25.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,178 shares of the construction company’s stock after selling 1,100 shares during the period. New York State Common Retirement Fund’s holdings in Limbach were worth $272,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Capital Advisory LLC bought a new stake in shares of Limbach during the 3rd quarter worth approximately $25,000. Quest Partners LLC bought a new stake in Limbach during the third quarter worth $207,000. Harbor Capital Advisors Inc. raised its position in Limbach by 6.3% during the third 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 acquired a new stake in Limbach in the third quarter valued at $262,000. Finally, Janus Henderson Group PLC bought a new position in shares of Limbach in the 3rd quarter valued at about $333,000. 55.85% of the stock is owned by institutional investors.

Insider Activity at Limbach

In other news, Director David Richard Gaboury purchased 531 shares of the company’s stock in a transaction that occurred on 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 acquisition, the director now owns 2,071 shares in the company, valued at approximately $195,730.21. This trade represents a 34.48 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.20% of the stock is owned by company insiders.

Limbach Price Performance

Shares of LMB opened at $77.43 on Thursday. The company’s 50-day moving average is $91.50 and its 200-day moving average is $85.10. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a market capitalization of $872.87 million, a PE ratio of 35.20, a PEG ratio of 2.22 and a beta of 1.11. Limbach Holdings, Inc. has a fifty-two week low of $38.03 and a fifty-two week high of $107.00.

Analyst Upgrades and Downgrades

LMB has been the topic of a number of research analyst reports. Lake Street Capital upped their target price on shares of Limbach from $100.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Stifel Nicolaus upped their price objective on Limbach from $110.00 to $117.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, StockNews.com downgraded Limbach from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

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.