Saturna Capital Corp Grows Position in Limbach Holdings, Inc. (NASDAQ:LMB)

Saturna Capital Corp raised its holdings in Limbach Holdings, Inc. (NASDAQ:LMB) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,804 shares of the construction company’s stock after purchasing an additional 639 shares during the period. Saturna Capital Corp owned 0.09% of Limbach worth $839,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. IFP Advisors Inc bought a new position in Limbach in the 4th quarter worth approximately $37,000. US Bancorp DE bought a new position in shares of Limbach in the fourth quarter worth $115,000. Quest Partners LLC purchased a new position in shares of Limbach in the third quarter valued at $207,000. Bailard Inc. bought a new stake in shares of Limbach during the 4th quarter valued at $257,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Limbach during the 3rd quarter valued at $262,000. Institutional investors own 55.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LMB. Stifel Nicolaus reduced their target price on Limbach from $117.00 to $102.00 and set a “buy” rating for the company in a report on Friday, March 7th. StockNews.com cut shares of Limbach from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, Lake Street Capital upped their target price on shares of Limbach from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th.

Limbach Stock Performance

Shares of LMB opened at $79.69 on Wednesday. Limbach Holdings, Inc. has a 12-month low of $38.03 and a 12-month high of $107.00. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. The company has a market cap of $898.35 million, a PE ratio of 36.22, a price-to-earnings-growth ratio of 2.22 and a beta of 1.18. The stock has a 50-day moving average price of $90.37 and a 200-day moving average price of $85.43.

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, beating the consensus estimate of $0.84 by $0.31. The business had revenue of $143.70 million during the quarter, compared to analyst estimates of $149.37 million. Limbach had a net margin of 5.08% and a return on equity of 20.16%. Limbach’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 earnings per share. As a group, equities analysts forecast that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

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.