US Bancorp DE Has $78,000 Stock Holdings in Limbach Holdings, Inc. $LMB

US Bancorp DE cut its stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 22.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,050 shares of the construction company’s stock after selling 297 shares during the period. US Bancorp DE’s holdings in Limbach were worth $78,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Limbach by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,818 shares of the construction company’s stock valued at $498,000 after buying an additional 231 shares during the last quarter. Brendel Financial Advisors LLC lifted its position in shares of Limbach by 8.9% in the first quarter. Brendel Financial Advisors LLC now owns 3,120 shares of the construction company’s stock valued at $232,000 after buying an additional 256 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Limbach by 592.6% in the first quarter. Versant Capital Management Inc now owns 374 shares of the construction company’s stock valued at $28,000 after buying an additional 320 shares during the last quarter. Legacy Advisors LLC acquired a new stake in shares of Limbach in the first quarter valued at approximately $30,000. Finally, Rhumbline Advisers lifted its position in shares of Limbach by 3.1% in the first quarter. Rhumbline Advisers now owns 14,498 shares of the construction company’s stock valued at $1,080,000 after buying an additional 433 shares during the last quarter. 55.85% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Limbach news, insider Jay Sharp sold 2,000 shares of the firm’s stock in a transaction on Friday, June 13th. The stock was sold at an average price of $137.49, for a total transaction of $274,980.00. Following the transaction, the insider owned 69,877 shares in the company, valued at $9,607,388.73. This trade represents a 2.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.70% of the stock is currently owned by company insiders.

Limbach Stock Performance

NASDAQ:LMB opened at $116.54 on Tuesday. The stock has a market cap of $1.36 billion, a P/E ratio of 39.77, a PEG ratio of 2.14 and a beta of 1.22. The stock has a 50 day simple moving average of $134.27 and a 200 day simple moving average of $108.89. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.17. Limbach Holdings, Inc. has a 1-year low of $58.91 and a 1-year high of $154.05.

Limbach (NASDAQ:LMB) last released its quarterly earnings results on Tuesday, August 5th. The construction company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.12. Limbach had a return on equity of 29.38% and a net margin of 6.38%. The business had revenue of $142.24 million during the quarter, compared to analysts’ expectations of $144.21 million. During the same period last year, the firm posted $0.73 EPS. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. Research analysts anticipate that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LMB. Roth Capital reaffirmed a “buy” rating on shares of Limbach in a research report on Wednesday, May 7th. Lake Street Capital lifted their price target on Limbach from $125.00 to $156.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Wall Street Zen cut Limbach from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Stifel Nicolaus set a $146.00 price target on Limbach in a report on Wednesday, August 6th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $127.33.

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.