Neumeier Poma Investment Counsel LLC Purchases 191,685 Shares of Limbach Holdings, Inc. $LMB

Neumeier Poma Investment Counsel LLC boosted its position in Limbach Holdings, Inc. (NASDAQ:LMB) by 151.5% during the fourth quarter, HoldingsChannel reports. The fund owned 318,238 shares of the construction company’s stock after buying an additional 191,685 shares during the quarter. Limbach comprises 2.0% of Neumeier Poma Investment Counsel LLC’s holdings, making the stock its 24th biggest position. Neumeier Poma Investment Counsel LLC’s holdings in Limbach were worth $24,775,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Invesco Ltd. grew its holdings in shares of Limbach by 2,041.6% during the second quarter. Invesco Ltd. now owns 400,603 shares of the construction company’s stock worth $56,124,000 after purchasing an additional 381,897 shares in the last quarter. Wasatch Advisors LP grew its holdings in shares of Limbach by 59.2% during the second quarter. Wasatch Advisors LP now owns 638,879 shares of the construction company’s stock worth $89,507,000 after purchasing an additional 237,475 shares in the last quarter. Royce & Associates LP grew its holdings in shares of Limbach by 83.7% during the fourth quarter. Royce & Associates LP now owns 335,663 shares of the construction company’s stock worth $26,131,000 after purchasing an additional 152,956 shares in the last quarter. Capital International Investors grew its holdings in shares of Limbach by 10.7% during the third quarter. Capital International Investors now owns 645,288 shares of the construction company’s stock worth $62,670,000 after purchasing an additional 62,483 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Limbach by 7.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 790,632 shares of the construction company’s stock worth $61,550,000 after purchasing an additional 55,511 shares in the last quarter. Hedge funds and other institutional investors own 55.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on LMB shares. Weiss Ratings lowered Limbach from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. JPMorgan Chase & Co. cut their price objective on Limbach from $100.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, March 26th. Finally, Wall Street Zen lowered Limbach from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Limbach currently has an average rating of “Hold” and a consensus target price of $116.67.

Insider Buying and Selling

In other news, EVP Jay Sharp sold 2,000 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $79.99, for a total transaction of $159,980.00. Following the completion of the sale, the executive vice president owned 79,027 shares of the company’s stock, valued at approximately $6,321,369.73. This represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jayme L. Brooks sold 3,440 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $100.00, for a total value of $344,000.00. Following the sale, the chief financial officer directly owned 125,227 shares of the company’s stock, valued at approximately $12,522,700. This trade represents a 2.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 27,433 shares of company stock valued at $2,345,453. Insiders own 7.00% of the company’s stock.

Limbach Stock Performance

Shares of LMB stock opened at $84.33 on Friday. The company has a market capitalization of $1.01 billion, a P/E ratio of 30.67 and a beta of 1.42. Limbach Holdings, Inc. has a fifty-two week low of $65.08 and a fifty-two week high of $154.05. 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 stock has a 50 day moving average price of $82.85 and a two-hundred day moving average price of $81.57.

Limbach (NASDAQ:LMB) last released its quarterly earnings data on Tuesday, May 5th. The construction company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.43. The firm had revenue of $138.86 million during the quarter, compared to analyst estimates of $134.23 million. Limbach had a return on equity of 26.17% and a net margin of 5.09%.The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.12 earnings per share. Analysts expect that Limbach Holdings, Inc. will post 4.98 earnings per share for the current year.

About Limbach

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.