New York State Teachers Retirement System Invests $38,000 in Limbach Holdings, Inc. (NASDAQ:LMB)

New York State Teachers Retirement System bought a new position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 825 shares of the construction company’s stock, valued at approximately $38,000.

Other large investors also recently made changes to their positions in the company. UBS Group AG increased its stake in shares of Limbach by 52.6% during the first quarter. UBS Group AG now owns 3,031 shares of the construction company’s stock worth $52,000 after purchasing an additional 1,045 shares during the period. Tower Research Capital LLC TRC increased its stake in Limbach by 473.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,708 shares of the construction company’s stock worth $54,000 after acquiring an additional 1,410 shares during the period. Citigroup Inc. bought a new position in Limbach during the 2nd quarter worth $68,000. California State Teachers Retirement System bought a new position in Limbach during the 2nd quarter worth $76,000. Finally, Qube Research & Technologies Ltd bought a new position in Limbach during the 3rd quarter worth $78,000. Institutional investors own 55.85% of the company’s stock.

Limbach Price Performance

Limbach stock opened at $39.31 on Friday. The stock’s fifty day moving average price is $43.78 and its two-hundred day moving average price is $39.90. Limbach Holdings, Inc. has a one year low of $15.83 and a one year high of $52.96. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.50 and a quick ratio of 1.50. The firm has a market cap of $437.60 million, a PE ratio of 22.08, a price-to-earnings-growth ratio of 1.74 and a beta of 1.02.

Limbach (NASDAQ:LMB) last issued its quarterly earnings results on Wednesday, March 13th. The construction company reported $0.44 earnings per share (EPS) for the quarter. Limbach had a return on equity of 18.87% and a net margin of 4.02%. The company had revenue of $142.69 million for the quarter, compared to analyst estimates of $131.25 million. As a group, research analysts expect that Limbach Holdings, Inc. will post 1.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Limbach from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 13th.

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.