Charles Schwab Investment Management Inc. Increases Holdings in Limbach Holdings, Inc. (NASDAQ:LMB)

Charles Schwab Investment Management Inc. lifted its position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,086 shares of the construction company’s stock after acquiring an additional 1,141 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Limbach were worth $7,278,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. FMR LLC boosted its stake in shares of Limbach by 21.7% during the 3rd quarter. FMR LLC now owns 40,543 shares of the construction company’s stock worth $3,072,000 after acquiring an additional 7,239 shares in the last quarter. Virtu Financial LLC purchased a new stake in Limbach in the 3rd quarter valued at approximately $487,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Limbach in the 3rd quarter valued at approximately $643,000. Barclays PLC lifted its stake in Limbach by 385.4% in the 3rd quarter. Barclays PLC now owns 16,879 shares of the construction company’s stock valued at $1,278,000 after buying an additional 13,402 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Limbach in the 3rd quarter valued at approximately $262,000. Hedge funds and other institutional investors own 55.85% of the company’s stock.

Insiders Place Their Bets

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of the stock in a transaction 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 transaction, the director now owns 164,600 shares of the company’s stock, valued at $12,415,778. This represents a 13.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 10.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on LMB shares. Lake Street Capital upped their target price on Limbach from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Stifel Nicolaus set a $103.00 target price on Limbach in a research note on Wednesday, March 12th.

Limbach Trading Up 1.1 %

Shares of Limbach stock opened at $82.85 on Monday. Limbach Holdings, Inc. has a fifty-two week low of $38.03 and a fifty-two week high of $107.00. The firm has a market cap of $940.60 million, a PE ratio of 37.66, a P/E/G ratio of 2.22 and a beta of 1.18. The business’s fifty day moving average is $87.64 and its two-hundred day moving average is $86.30. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14.

Limbach (NASDAQ:LMB) last issued its quarterly earnings results on Monday, March 10th. The construction company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.31. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The company had revenue of $143.70 million for the quarter, compared to analyst estimates of $149.37 million. During the same quarter in the prior year, the company posted $0.68 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. Analysts anticipate that Limbach Holdings, Inc. will post 2.54 earnings per share 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.