New York State Teachers Retirement System Acquires New Stake in Limbach Holdings, Inc. (NASDAQ:LMB)

New York State Teachers Retirement System acquired a new stake in Limbach Holdings, Inc. (NASDAQ:LMB) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 825 shares of the construction company’s stock, valued at approximately $38,000.

Several other institutional investors have also bought and sold shares of the company. Polar Asset Management Partners Inc. lifted its stake 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 last quarter. BlackRock Inc. lifted its position in shares of Limbach by 2,430.1% during the second quarter. BlackRock Inc. now owns 584,018 shares of the construction company’s stock worth $14,443,000 after acquiring an additional 560,935 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Limbach by 1.8% during the second quarter. Dimensional Fund Advisors LP now owns 526,850 shares of the construction company’s stock worth $13,028,000 after acquiring an additional 9,310 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Limbach by 10.5% during the third quarter. Vanguard Group Inc. now owns 516,991 shares of the construction company’s stock worth $16,404,000 after acquiring an additional 49,134 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Limbach by 39.1% during the third quarter. Acadian Asset Management LLC now owns 316,871 shares of the construction company’s stock worth $10,049,000 after acquiring an additional 89,068 shares in the last quarter. Hedge funds and other institutional investors own 55.85% of the company’s stock.

Analysts Set New Price Targets

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

Limbach Trading Down 1.8 %

NASDAQ:LMB opened at $39.31 on Friday. The company has a market cap of $437.60 million, a P/E ratio of 22.08, a P/E/G ratio of 1.74 and a beta of 1.02. Limbach Holdings, Inc. has a 1 year low of $15.83 and a 1 year high of $52.96. The stock’s fifty day moving average price is $43.78 and its two-hundred day moving average price is $39.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.50 and a quick ratio of 1.50.

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

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.