Thames Capital Management LLC Takes $4.48 Million Position in Limbach Holdings, Inc. (NASDAQ:LMB)

Thames Capital Management LLC bought a new stake in Limbach Holdings, Inc. (NASDAQ:LMB) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 52,385 shares of the construction company’s stock, valued at approximately $4,481,000. Thames Capital Management LLC owned 0.46% of Limbach at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in LMB. IFP Advisors Inc acquired a new position in shares of Limbach in the fourth quarter worth about $37,000. US Bancorp DE purchased a new position in shares of Limbach in the 4th quarter valued at about $115,000. KLP Kapitalforvaltning AS acquired a new position in Limbach in the 4th quarter worth about $154,000. Bailard Inc. purchased a new position in Limbach during the fourth quarter worth approximately $257,000. Finally, Sanctuary Advisors LLC acquired a new stake in Limbach in the third quarter valued at approximately $262,000. 55.85% of the stock is owned by hedge funds and other institutional investors.

Limbach Stock Performance

NASDAQ LMB opened at $69.30 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 stock’s 50 day simple moving average is $83.40 and its 200-day simple moving average is $86.82. The company has a market cap of $786.76 million, a PE ratio of 31.50, a price-to-earnings-growth ratio of 2.22 and a beta of 1.01. Limbach Holdings, Inc. has a 1-year low of $38.03 and a 1-year high of $107.00.

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

Analyst Upgrades and Downgrades

LMB has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $103.00 target price on Limbach in a research report on Wednesday, March 12th. Lake Street Capital increased their price objective on shares of Limbach from $100.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 4th.

Insider Activity at Limbach

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of the business’s 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 transaction, the director now 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 SEC, which is accessible through the SEC website. 10.20% of the stock is owned by corporate 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.