Harbor Capital Advisors Inc. Acquires 1,103 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

Harbor Capital Advisors Inc. raised its stake in Limbach Holdings, Inc. (NASDAQ:LMB) by 43.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,656 shares of the construction company’s stock after buying an additional 1,103 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Limbach were worth $272,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rhumbline Advisers raised its holdings in shares of Limbach by 1.8% during the fourth quarter. Rhumbline Advisers now owns 14,065 shares of the construction company’s stock worth $1,203,000 after acquiring an additional 255 shares during the period. Principal Financial Group Inc. raised its stake in shares of Limbach by 11.1% in the 4th quarter. Principal Financial Group Inc. now owns 12,910 shares of the construction company’s stock valued at $1,104,000 after purchasing an additional 1,294 shares during the period. Navellier & Associates Inc. lifted its holdings in shares of Limbach by 93.1% in the fourth quarter. Navellier & Associates Inc. now owns 18,760 shares of the construction company’s stock valued at $1,605,000 after purchasing an additional 9,045 shares in the last quarter. IFP Advisors Inc bought a new stake in shares of Limbach in the fourth quarter valued at about $37,000. Finally, US Bancorp DE acquired a new position in shares of Limbach during the fourth quarter worth about $115,000. Institutional investors and hedge funds own 55.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on LMB shares. Stifel Nicolaus lifted their target price on Limbach from $130.00 to $141.00 and gave the company a “buy” rating in a research report on Monday, June 2nd. Roth Capital reissued a “buy” rating on shares of Limbach in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $115.33.

Limbach Stock Performance

LMB opened at $137.66 on Friday. The business’s 50-day simple moving average is $111.39 and its 200 day simple moving average is $96.19. Limbach Holdings, Inc. has a 52-week low of $48.17 and a 52-week high of $142.10. 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 market capitalization of $1.60 billion, a PE ratio of 62.57, a PEG ratio of 2.22 and a beta of 1.21.

Limbach (NASDAQ:LMB) last posted its quarterly earnings results on Monday, May 5th. The construction company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.82. The firm had revenue of $133.11 million for the quarter, compared to analyst estimates of $121.06 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.69 EPS. As a group, sell-side analysts expect that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

About Limbach

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.