Quest Partners LLC Purchases New Position in Limbach Holdings, Inc. (NASDAQ:LMB)

Quest Partners LLC purchased a new stake in Limbach Holdings, Inc. (NASDAQ:LMB) during the third quarter, according to its most recent filing with the SEC. The firm purchased 2,731 shares of the construction company’s stock, valued at approximately $207,000.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in Limbach by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 566,501 shares of the construction company’s stock worth $23,464,000 after purchasing an additional 32,030 shares in the last quarter. Renaissance Technologies LLC increased its stake in Limbach by 6.4% during the 2nd quarter. Renaissance Technologies LLC now owns 394,871 shares of the construction company’s stock worth $22,480,000 after purchasing an additional 23,700 shares in the last quarter. Royce & Associates LP increased its stake in Limbach by 35.3% during the 3rd quarter. Royce & Associates LP now owns 249,578 shares of the construction company’s stock worth $18,908,000 after purchasing an additional 65,082 shares in the last quarter. American Century Companies Inc. increased its stake in Limbach by 6.0% during the 2nd quarter. American Century Companies Inc. now owns 208,223 shares of the construction company’s stock worth $11,854,000 after purchasing an additional 11,782 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Limbach by 34.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 83,385 shares of the construction company’s stock worth $6,317,000 after acquiring an additional 21,346 shares in the last quarter. 55.85% of the stock is owned by institutional investors.

Limbach Stock Down 3.2 %

LMB opened at $98.76 on Thursday. Limbach Holdings, Inc. has a fifty-two week low of $35.24 and a fifty-two week high of $104.98. 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 company has a market capitalization of $1.11 billion, a P/E ratio of 46.38, a P/E/G ratio of 3.37 and a beta of 0.97. The stock has a fifty day moving average of $83.52 and a 200-day moving average of $67.80.

Limbach (NASDAQ:LMB) last posted its quarterly earnings results on Tuesday, November 5th. The construction company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. The business had revenue of $133.90 million during the quarter, compared to the consensus estimate of $129.50 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. Limbach’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 earnings per share. On average, equities analysts expect that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Limbach in a research note on Friday, November 15th. They set a “buy” rating and a $108.00 price target for the company. Roth Mkm raised their price target on shares of Limbach from $67.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, StockNews.com cut shares of Limbach from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

Insider Activity at Limbach

In other Limbach news, Director Joshua Horowitz sold 5,000 shares of Limbach stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $64.02, for a total value of $320,100.00. Following the transaction, the director now owns 190,000 shares in the company, valued at $12,163,800. The trade was a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 10.20% of the stock is owned by insiders.

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.