PFG Advisors Purchases 803 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

PFG Advisors increased its position in Limbach Holdings, Inc. (NASDAQ:LMB) by 11.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,619 shares of the construction company’s stock after purchasing an additional 803 shares during the period. PFG Advisors owned approximately 0.07% of Limbach worth $652,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. FMR LLC increased its position in shares of Limbach by 21.7% during the 3rd quarter. FMR LLC now owns 40,543 shares of the construction company’s stock valued at $3,072,000 after purchasing an additional 7,239 shares during the last quarter. Virtu Financial LLC purchased a new stake in Limbach in the 3rd quarter worth about $487,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Limbach in the 3rd quarter worth about $643,000. Barclays PLC boosted its stake in 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 purchasing an additional 13,402 shares during the period. Finally, Los Angeles Capital Management LLC bought a new position in Limbach in the 3rd quarter worth about $568,000. 55.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LMB has been the subject of several analyst reports. Stifel Nicolaus cut their target price on Limbach from $117.00 to $102.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Lake Street Capital boosted their target price on Limbach from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th.

Insider Activity

In other 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 transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.20% of the company’s stock.

Limbach Price Performance

Shares of Limbach stock opened at $76.51 on Friday. 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 business’s 50 day simple moving average is $89.76 and its two-hundred day simple moving average is $85.38. The stock has a market capitalization of $868.62 million, a P/E ratio of 34.78, a price-to-earnings-growth ratio of 2.22 and a beta of 1.18. Limbach Holdings, Inc. has a one year low of $38.03 and a one year high of $107.00.

Limbach (NASDAQ:LMB) last announced its quarterly earnings results on Monday, March 10th. The construction company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the firm earned $0.68 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis. Analysts forecast that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

Limbach 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.