Los Angeles Capital Management LLC Purchases Shares of 7,501 Limbach Holdings, Inc. (NASDAQ:LMB)

Los Angeles Capital Management LLC acquired a new position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,501 shares of the construction company’s stock, valued at approximately $568,000. Los Angeles Capital Management LLC owned approximately 0.07% of Limbach as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in LMB. American Capital Advisory LLC bought a new position in Limbach during the third quarter worth about $25,000. nVerses Capital LLC bought a new position in shares of Limbach during the 3rd quarter worth approximately $53,000. Harbor Capital Advisors Inc. increased its holdings in shares of Limbach by 6.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company’s stock worth $207,000 after acquiring an additional 162 shares during the last quarter. Mraz Amerine & Associates Inc. bought a new stake in Limbach in the 3rd quarter valued at $265,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Limbach during the 2nd quarter valued at $223,000. Institutional investors and hedge funds own 55.85% of the company’s stock.

Limbach Trading Up 3.7 %

LMB stock opened at $92.09 on Friday. Limbach Holdings, Inc. has a 52 week low of $35.24 and a 52 week high of $98.36. The company has a market capitalization of $1.04 billion, a PE ratio of 41.86, a price-to-earnings-growth ratio of 2.95 and a beta of 0.97. The company’s 50-day simple moving average is $79.36 and its 200 day simple moving average is $65.10. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57.

Limbach (NASDAQ:LMB) last announced its earnings results on Tuesday, November 5th. The construction company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The firm had revenue of $133.90 million for the quarter, compared to analyst estimates of $129.50 million. During the same quarter in the prior year, the business posted $0.61 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Limbach Holdings, Inc. will post 2.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on LMB. Roth Mkm upped their price objective on shares of Limbach from $67.00 to $80.00 and gave the company a “buy” rating in a report on Monday, November 4th. StockNews.com cut shares of Limbach from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Stifel Nicolaus started coverage on Limbach in a report on Friday. They set a “buy” rating and a $108.00 price objective for the company.

Insider Buying and Selling at Limbach

In other Limbach news, Director Joshua Horowitz sold 7,000 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $61.86, for a total transaction of $433,020.00. Following the sale, the director now directly owns 203,000 shares in the company, valued at $12,557,580. This represents a 3.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 19,272 shares of company stock valued at $1,188,349 in the last three months. Corporate insiders own 10.20% of the company’s stock.

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.