Limbach Holdings, Inc. (NASDAQ:LMB) Shares Acquired by Barclays PLC

Barclays PLC grew its holdings in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 8.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,328 shares of the construction company’s stock after purchasing an additional 1,449 shares during the period. Barclays PLC owned 0.16% of Limbach worth $1,567,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. IFP Advisors Inc acquired a new stake in Limbach in the fourth quarter worth $37,000. US Bancorp DE acquired a new stake in shares of Limbach in the 4th quarter worth about $115,000. KLP Kapitalforvaltning AS bought a new stake in Limbach in the 4th quarter valued at about $154,000. Bailard Inc. acquired a new position in Limbach during the 4th quarter valued at about $257,000. Finally, Teacher Retirement System of Texas increased its stake in shares of Limbach by 5.2% in the fourth quarter. Teacher Retirement System of Texas now owns 3,453 shares of the construction company’s stock valued at $295,000 after purchasing an additional 172 shares during the period. Institutional investors and hedge funds own 55.85% of the company’s stock.

Insiders Place Their Bets

In other news, Director Joshua Horowitz sold 25,400 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $75.43, for a total transaction of $1,915,922.00. Following the sale, the director now directly owns 164,600 shares in the company, valued at approximately $12,415,778. The trade was a 13.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 10.20% of the company’s stock.

Limbach Stock Performance

LMB stock opened at $103.20 on Friday. The stock has a market cap of $1.20 billion, a P/E ratio of 46.91, a P/E/G ratio of 2.22 and a beta of 1.08. Limbach Holdings, Inc. has a 52 week low of $43.78 and a 52 week high of $107.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a 50 day simple moving average of $80.69 and a 200 day simple moving average of $87.90.

Limbach (NASDAQ:LMB) last announced its quarterly 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 the consensus estimate of $149.37 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the company posted $0.68 earnings per share. Research analysts anticipate that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LMB has been the subject of a number of recent analyst reports. Stifel Nicolaus set a $103.00 price objective on Limbach in a report on Wednesday, March 12th. Lake Street Capital raised their price target on Limbach from $100.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 4th.

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.