The Manufacturers Life Insurance Company Invests $223,000 in Limbach Holdings, Inc. (NASDAQ:LMB)

The Manufacturers Life Insurance Company acquired a new stake in shares of Limbach Holdings, Inc. (NASDAQ:LMBFree Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,914 shares of the construction company’s stock, valued at approximately $223,000.

A number of other large investors have also added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in Limbach during the 4th quarter valued at about $235,000. Los Angeles Capital Management LLC increased its position in shares of Limbach by 43.4% during the first quarter. Los Angeles Capital Management LLC now owns 36,961 shares of the construction company’s stock valued at $1,531,000 after acquiring an additional 11,179 shares in the last quarter. Principal Financial Group Inc. purchased a new position in Limbach in the 1st quarter worth approximately $424,000. BNP Paribas Financial Markets lifted its position in Limbach by 20.1% in the 1st quarter. BNP Paribas Financial Markets now owns 8,411 shares of the construction company’s stock valued at $348,000 after acquiring an additional 1,406 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in Limbach by 8.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 19,697 shares of the construction company’s stock valued at $816,000 after purchasing an additional 1,574 shares during the last quarter. Hedge funds and other institutional investors own 55.85% of the company’s stock.

Limbach Stock Up 0.3 %

LMB opened at $81.71 on Friday. Limbach Holdings, Inc. has a 1-year low of $26.76 and a 1-year high of $87.00. The firm’s 50 day simple moving average is $70.46 and its two-hundred day simple moving average is $58.97. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $913.76 million, a PE ratio of 38.00, a PEG ratio of 2.68 and a beta of 0.96.

Limbach (NASDAQ:LMBGet Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The construction company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.13. The business had revenue of $122.24 million during the quarter, compared to analysts’ expectations of $123.50 million. Limbach had a return on equity of 21.06% and a net margin of 5.08%. During the same quarter in the prior year, the business posted $0.46 earnings per share. As a group, equities analysts forecast that Limbach Holdings, Inc. will post 2.43 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Limbach from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th.

Get Our Latest Stock Report on Limbach

Insiders Place Their Bets

In related news, Director Joshua Horowitz sold 8,800 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $59.14, for a total value of $520,432.00. Following the transaction, the director now directly owns 223,272 shares of the company’s stock, valued at approximately $13,204,306.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders sold 40,072 shares of company stock worth $2,418,821. Corporate insiders own 10.20% of the company’s stock.

Limbach Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Limbach (NASDAQ:LMB)

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