The Manufacturers Life Insurance Company Has $312,000 Stock Position in Limbach Holdings, Inc. (NASDAQ:LMB)

The Manufacturers Life Insurance Company decreased its position in Limbach Holdings, Inc. (NASDAQ:LMB) by 4.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,651 shares of the construction company’s stock after selling 154 shares during the period. The Manufacturers Life Insurance Company’s holdings in Limbach were worth $312,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling at Limbach

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now directly owns 164,600 shares of the company’s stock, valued at $12,415,778. The trade was a 13.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LMB. Roth Capital reissued a “buy” rating on shares of Limbach in a report on Wednesday, May 7th. Lake Street Capital increased their price target on Limbach from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Finally, Stifel Nicolaus set a $103.00 price objective on Limbach in a report on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $102.67.

Limbach Stock Up 2.1%

Shares of NASDAQ:LMB opened at $125.15 on Friday. The stock’s 50-day moving average is $89.27 and its 200 day moving average is $90.65. Limbach Holdings, Inc. has a 1 year low of $47.42 and a 1 year high of $128.17. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market cap of $1.45 billion, a PE ratio of 56.89, a P/E/G ratio of 2.22 and a beta of 1.08.

Limbach (NASDAQ:LMB) last announced its quarterly earnings data on Monday, May 5th. The construction company reported $1.12 EPS for the quarter, beating the consensus estimate of $0.30 by $0.82. The company had revenue of $133.11 million for the quarter, compared to the consensus estimate of $121.06 million. Limbach had a net margin of 5.08% and a return on equity of 20.16%. Limbach’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 EPS. Sell-side analysts anticipate that Limbach Holdings, Inc. will post 2.54 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.