Raymond James Financial Services Advisors Inc. Raises Stake in Limbach Holdings, Inc. (NASDAQ:LMB)

Raymond James Financial Services Advisors Inc. lifted its position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 129.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,531 shares of the construction company’s stock after buying an additional 11,023 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Limbach were worth $888,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LMB. Dimensional Fund Advisors LP grew its holdings in shares of Limbach by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 431,681 shares of the construction company’s stock worth $3,000,000 after buying an additional 16,924 shares in the last quarter. Brighton Jones LLC purchased a new stake in Limbach in the first quarter valued at approximately $82,000. Polar Asset Management Partners Inc. grew its holdings in Limbach by 0.7% in the first quarter. Polar Asset Management Partners Inc. now owns 1,017,104 shares of the construction company’s stock valued at $7,069,000 after purchasing an additional 7,500 shares during the period. State Street Corp grew its holdings in Limbach by 15.2% in the second quarter. State Street Corp now owns 17,055 shares of the construction company’s stock valued at $91,000 after purchasing an additional 2,255 shares during the period. Finally, Royal Bank of Canada grew its holdings in Limbach by 9.8% in the third quarter. Royal Bank of Canada now owns 21,200 shares of the construction company’s stock valued at $161,000 after purchasing an additional 1,900 shares during the period. 55.85% of the stock is currently owned by hedge funds and other institutional investors.

Limbach Price Performance

Limbach stock opened at $39.02 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.50 and a current ratio of 1.50. Limbach Holdings, Inc. has a 1 year low of $15.83 and a 1 year high of $52.96. The firm has a 50 day moving average price of $44.07 and a 200 day moving average price of $39.79. The company has a market cap of $434.37 million, a price-to-earnings ratio of 21.92, a PEG ratio of 1.75 and a beta of 1.02.

Limbach (NASDAQ:LMB) last released its quarterly earnings data on Wednesday, March 13th. The construction company reported $0.44 earnings per share (EPS) for the quarter. Limbach had a net margin of 4.02% and a return on equity of 18.87%. The company had revenue of $142.69 million during the quarter, compared to the consensus estimate of $131.25 million. Sell-side analysts predict that Limbach Holdings, Inc. will post 1.88 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Limbach from a “strong-buy” rating to a “buy” rating in a report on Saturday.

Limbach 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.