Thames Capital Management LLC Takes $4.48 Million Position in Limbach Holdings, Inc. (NASDAQ:LMB)

Thames Capital Management LLC bought a new position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 52,385 shares of the construction company’s stock, valued at approximately $4,481,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LMB. Vanguard Group Inc. lifted its stake in Limbach by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 604,397 shares of the construction company’s stock worth $51,700,000 after purchasing an additional 3,001 shares in the last quarter. Geode Capital Management LLC boosted its position in Limbach by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 238,445 shares of the construction company’s stock valued at $18,068,000 after buying an additional 5,093 shares during the period. State Street Corp grew its stake in shares of Limbach by 11.1% in the third quarter. State Street Corp now owns 219,120 shares of the construction company’s stock worth $16,601,000 after acquiring an additional 21,951 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Limbach by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 85,086 shares of the construction company’s stock worth $7,278,000 after acquiring an additional 1,141 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Limbach by 120.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 56,687 shares of the construction company’s stock worth $4,849,000 after acquiring an additional 31,002 shares during the period. Hedge funds and other institutional investors own 55.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LMB. Lake Street Capital boosted their target price on Limbach from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Stifel Nicolaus set a $103.00 price objective on Limbach in a research report on Wednesday, March 12th.

Insiders Place Their Bets

In other news, Director Joshua Horowitz sold 25,400 shares of Limbach stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $75.43, for a total transaction of $1,915,922.00. Following the sale, the director now owns 164,600 shares in the company, valued at approximately $12,415,778. The trade was a 13.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.20% of the stock is owned by corporate insiders.

Limbach Stock Performance

NASDAQ:LMB opened at $69.30 on Friday. Limbach Holdings, Inc. has a 12 month low of $38.03 and a 12 month high of $107.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a market capitalization of $786.76 million, a PE ratio of 31.50, a price-to-earnings-growth ratio of 2.22 and a beta of 1.01. The business’s fifty day moving average price is $83.40 and its 200 day moving average price is $86.82.

Limbach (NASDAQ:LMB) last released its quarterly earnings data on Monday, March 10th. The construction company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.31. The business had revenue of $143.70 million for the quarter, compared to the consensus estimate of $149.37 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.68 EPS. On average, sell-side analysts anticipate 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.