Harvest Investment Services LLC Acquires 17,580 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

Harvest Investment Services LLC increased its position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 66.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,230 shares of the construction company’s stock after purchasing an additional 17,580 shares during the period. Limbach makes up about 0.9% of Harvest Investment Services LLC’s portfolio, making the stock its 27th biggest holding. Harvest Investment Services LLC’s holdings in Limbach were worth $3,783,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Stifel Financial Corp acquired a new stake in shares of Limbach during the fourth quarter valued at about $441,000. MetLife Investment Management LLC grew its holdings in Limbach by 10.2% in the fourth quarter. MetLife Investment Management LLC now owns 6,240 shares of the construction company’s stock worth $534,000 after purchasing an additional 578 shares during the period. First Trust Advisors LP raised its stake in Limbach by 67.5% during the 4th quarter. First Trust Advisors LP now owns 322,396 shares of the construction company’s stock worth $27,578,000 after buying an additional 129,869 shares during the period. Marshall Wace LLP bought a new position in shares of Limbach in the 4th quarter worth $873,000. Finally, Wasatch Advisors LP lifted its stake in shares of Limbach by 0.4% in the fourth quarter. Wasatch Advisors LP now owns 374,382 shares of the construction company’s stock valued at $32,025,000 after buying an additional 1,546 shares in the last quarter. 55.85% of the stock is owned by institutional investors.

Limbach Stock Down 5.1 %

Shares of NASDAQ LMB opened at $82.15 on Tuesday. The firm has a fifty day simple moving average of $79.12 and a two-hundred day simple moving average of $87.10. 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 firm has a market capitalization of $932.65 million, a PE ratio of 37.34, a price-to-earnings-growth ratio of 2.22 and a beta of 1.01. Limbach Holdings, Inc. has a 12 month low of $38.87 and a 12 month high of $107.00.

Limbach (NASDAQ:LMB) last posted its 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 during the quarter, compared to analyst estimates of $149.37 million. During the same quarter last year, the company earned $0.68 EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. Equities analysts expect that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

Insider Activity

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $75.43, for a total value of $1,915,922.00. Following the completion of the sale, the director now owns 164,600 shares of the company’s stock, valued at approximately $12,415,778. This trade represents a 13.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 10.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on LMB shares. Lake Street Capital upped their price objective on Limbach from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Stifel Nicolaus set a $103.00 price target on shares of Limbach in a report on Wednesday, March 12th.

Limbach Company 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.