Teacher Retirement System of Texas Has $295,000 Stock Position in Limbach Holdings, Inc. (NASDAQ:LMB)

Teacher Retirement System of Texas lifted its position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,453 shares of the construction company’s stock after purchasing an additional 172 shares during the quarter. Teacher Retirement System of Texas’ holdings in Limbach were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. IFP Advisors Inc bought a new stake in Limbach in the fourth quarter valued at about $37,000. US Bancorp DE bought a new position in Limbach during the fourth quarter worth about $115,000. Bailard Inc. acquired a new stake in Limbach during the fourth quarter valued at approximately $257,000. Sanctuary Advisors LLC bought a new stake in shares of Limbach in the 3rd quarter valued at approximately $262,000. Finally, Janus Henderson Group PLC acquired a new position in shares of Limbach in the 3rd quarter worth approximately $333,000. 55.85% of the stock is currently owned by institutional investors.

Insider Activity at Limbach

In related news, Director Joshua Horowitz sold 25,400 shares of the firm’s stock in a transaction that occurred on 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 owns 164,600 shares of the company’s stock, valued at $12,415,778. This trade represents a 13.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 10.20% of the stock is currently owned by company insiders.

Limbach Stock Performance

NASDAQ:LMB opened at $75.21 on Wednesday. The stock has a market capitalization of $853.86 million, a P/E ratio of 34.19, a price-to-earnings-growth ratio of 2.22 and a beta of 1.18. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. Limbach Holdings, Inc. has a 1 year low of $38.03 and a 1 year high of $107.00. The firm has a 50 day moving average of $85.27 and a 200-day moving average of $86.91.

Limbach (NASDAQ:LMB) last issued its quarterly earnings data on Monday, March 10th. The construction company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.31. The firm had revenue of $143.70 million during the quarter, compared to the consensus estimate of $149.37 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS. As a group, sell-side analysts anticipate that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on LMB shares. Lake Street Capital boosted their price target 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 shares of Limbach in a research note on Wednesday, March 12th.

Limbach Company 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.