Thrivent Financial for Lutherans Has $3.56 Million Position in Limbach Holdings, Inc. (NASDAQ:LMB)

Thrivent Financial for Lutherans grew its holdings in Limbach Holdings, Inc. (NASDAQ:LMB) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,987 shares of the construction company’s stock after purchasing an additional 382 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Limbach were worth $3,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in LMB. American Capital Advisory LLC acquired a new stake in shares of Limbach in the 3rd quarter valued at about $25,000. nVerses Capital LLC bought a new position in Limbach in the third quarter worth approximately $53,000. Harbor Capital Advisors Inc. grew its stake in Limbach by 6.3% in the third quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company’s stock valued at $207,000 after acquiring an additional 162 shares during the period. Mraz Amerine & Associates Inc. bought a new stake in shares of Limbach during the third quarter valued at approximately $265,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Limbach during the second quarter worth approximately $223,000. Institutional investors own 55.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented 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 boosted their target price on shares of Limbach from $67.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, StockNews.com lowered shares of Limbach from a “buy” rating to a “hold” rating in a report on Thursday, November 14th.

Limbach Stock Down 0.1 %

Shares of NASDAQ:LMB opened at $102.49 on Tuesday. The business’s 50 day moving average is $82.35 and its 200 day moving average is $67.06. Limbach Holdings, Inc. has a 12-month low of $35.24 and a 12-month high of $104.98. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 46.59, a PEG ratio of 3.37 and a beta of 0.97. 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 posted its quarterly earnings data on Tuesday, November 5th. The construction company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. The firm had revenue of $133.90 million for the quarter, compared to the consensus estimate of $129.50 million. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 EPS. On average, sell-side analysts forecast that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Joshua Horowitz sold 5,000 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $64.02, for a total transaction of $320,100.00. Following the completion of the sale, the director now directly owns 190,000 shares of the company’s stock, valued at $12,163,800. This trade represents a 2.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 10.20% of the stock is owned by corporate 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.