JPMorgan Chase & Co. Boosts Holdings in Limbach Holdings, Inc. (NASDAQ:LMB)

JPMorgan Chase & Co. raised its position in Limbach Holdings, Inc. (NASDAQ:LMB) by 698.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,483 shares of the construction company’s stock after purchasing an additional 36,289 shares during the period. JPMorgan Chase & Co. owned 0.37% of Limbach worth $3,548,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Teacher Retirement System of Texas boosted its stake in Limbach by 5.2% during the fourth quarter. Teacher Retirement System of Texas now owns 3,453 shares of the construction company’s stock valued at $295,000 after buying an additional 172 shares during the period. Swiss National Bank raised its holdings in shares of Limbach by 1.0% in the 4th quarter. Swiss National Bank now owns 19,900 shares of the construction company’s stock valued at $1,702,000 after acquiring an additional 200 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Limbach by 1.8% during the 4th quarter. Rhumbline Advisers now owns 14,065 shares of the construction company’s stock valued at $1,203,000 after acquiring an additional 255 shares during the last quarter. IFP Advisors Inc purchased a new position in shares of Limbach during the fourth quarter worth about $37,000. Finally, Saturna Capital Corp increased its position in shares of Limbach by 7.0% in the fourth quarter. Saturna Capital Corp now owns 9,804 shares of the construction company’s stock worth $839,000 after purchasing an additional 639 shares during the last quarter. 55.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LMB. Stifel Nicolaus set a $103.00 target price on shares of Limbach in a research report on Wednesday, March 12th. Lake Street Capital lifted their price objective on shares of Limbach from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th.

Limbach Stock Up 1.7 %

Shares of NASDAQ LMB opened at $86.60 on Monday. The stock has a market capitalization of $983.17 million, a P/E ratio of 39.36, a PEG ratio of 2.22 and a beta of 1.01. Limbach Holdings, Inc. has a one year low of $38.87 and a one year high of $107.00. The firm’s 50 day simple moving average is $79.31 and its two-hundred day simple moving average is $87.06. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57.

Limbach (NASDAQ:LMB) last released its earnings results on Monday, March 10th. The construction company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.84 by $0.31. The company had revenue of $143.70 million for the quarter, compared to analyst estimates of $149.37 million. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 EPS. As a group, analysts expect that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

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

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.