Limbach Holdings, Inc. $LMB Shares Sold by Next Century Growth Investors LLC

Next Century Growth Investors LLC reduced its position in Limbach Holdings, Inc. (NASDAQ:LMB) by 75.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,381 shares of the construction company’s stock after selling 117,020 shares during the quarter. Next Century Growth Investors LLC owned approximately 0.33% of Limbach worth $2,988,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its position in Limbach by 23.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 687 shares of the construction company’s stock valued at $53,000 after acquiring an additional 130 shares in the last quarter. Comerica Bank grew its position in Limbach by 24.0% in the 1st quarter. Comerica Bank now owns 862 shares of the construction company’s stock valued at $64,000 after acquiring an additional 167 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Limbach in the 4th quarter valued at about $150,000. BNP Paribas Financial Markets grew its position in Limbach by 59.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,131 shares of the construction company’s stock valued at $158,000 after acquiring an additional 423 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in Limbach by 42.6% in the 4th quarter. SG Americas Securities LLC now owns 2,325 shares of the construction company’s stock valued at $181,000 after acquiring an additional 695 shares in the last quarter. 55.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LMB has been the subject of several research reports. Weiss Ratings downgraded Limbach from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. dropped their target price on Limbach from $100.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, March 26th. Finally, Wall Street Zen downgraded Limbach from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $116.67.

Insider Activity at Limbach

In other news, CFO Jayme L. Brooks sold 9,910 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $78.56, for a total transaction of $778,529.60. Following the completion of the transaction, the chief financial officer directly owned 140,750 shares of the company’s stock, valued at approximately $11,057,320. The trade was a 6.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 25,433 shares of company stock worth $2,185,473 over the last three months. Insiders own 7.00% of the company’s stock.

Limbach Stock Performance

Shares of Limbach stock opened at $79.09 on Monday. Limbach Holdings, Inc. has a one year low of $65.08 and a one year high of $154.05. The company has a market cap of $942.75 million, a PE ratio of 28.76 and a beta of 1.42. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.71 and a current ratio of 1.71. The business has a 50-day simple moving average of $82.88 and a 200-day simple moving average of $82.11.

Limbach (NASDAQ:LMB) last announced its quarterly earnings data on Tuesday, May 5th. The construction company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.43. Limbach had a return on equity of 26.17% and a net margin of 5.09%.The business had revenue of $138.86 million during the quarter, compared to the consensus estimate of $134.23 million. During the same period in the previous year, the company posted $1.12 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities research analysts forecast that Limbach Holdings, Inc. will post 4.98 EPS for the current fiscal year.

Limbach Company Profile

Limbach Holdings, Inc (NASDAQ: LMB) is a U.S.-based mechanical construction firm specializing in the design, installation and maintenance of heating, ventilation and air conditioning (HVAC) systems, piping, plumbing and sheet metal fabrication. The company delivers comprehensive mechanical solutions to commercial, institutional, health care, education, government and industrial clients, drawing on its in-house engineering, prefabrication and construction management capabilities.

The company’s service offerings encompass full-scope mechanical construction, including energy system design, direct digital controls and building automation, retrofits, testing and balancing, preventive maintenance programs and emergency response services.