1 week Ago By Defense World Staff
Legal & General Group Plc lowered its position in shares of Limbach Holdings, Inc. (NASDAQ:LMB – Free Report) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The fund owned 11,854 shares of the construction company’s stock after selling 701 shares during the quarter. Legal & General Group Plc owned 0.11% of Limbach worth $1,014,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Limbach by 0.
5% in the fourth quarter. Vanguard Group Inc. now owns 604,397 shares of the construction company’s stock valued at $51,700,000 after buying an additional 3,001 shares during the period.
Geode Capital Management LLC increased its holdings in shares of Limbach by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 238,445 shares of the construction company’s stock worth $18,068,000 after acquiring an additional 5,093 shares during the last quarter.
Charles Schwab Investment Management Inc. raised its stake in Limbach by 1.4% in the 4th quarter.
Charles Schwab Investment Management Inc. now owns 85,086 shares of the construction company’s stock valued at $7,278,000 after acquiring an additional 1,141 shares during the period. Envestnet Asset Management Inc.
lifted its holdings in Limbach by 120.7% during the 4th quarter. Envestnet Asset Management Inc.
now owns 56,687 shares of the construction company’s stock valued at $4,849,000 after purchasing an additional 31,002 shares during the last quarter. Finally, Thames Capital Management LLC bought a new position in Limbach during the fourth quarter worth $4,481,000. 55.
85% of the stock is owned by institutional investors. Insider Transactions at LimbachIn related news, Director Joshua Horowitz sold 25,400 shares of the business’s 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 sale, the director now owns 164,600 shares in the company, valued at $12,415,778.
The trade was a 13.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Company insiders own 10.20% of the company’s stock. Limbach Price PerformanceShares of NASDAQ LMB opened at $92.
76 on Monday. The business has a fifty day moving average price of $79.24 and a two-hundred day moving average price of $87.
46. The stock has a market capitalization of $1.05 billion, a PE ratio of 42.
16, a P/E/G ratio of 2.22 and a beta of 1.01.
The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.
57. Limbach Holdings, Inc. has a fifty-two week low of $43.
78 and a fifty-two week high of $107.00. Limbach (NASDAQ:LMB – Get Free Report) last issued its earnings results on Monday, March 10th.
The construction company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.84 by $0.
31. Limbach had a net margin of 5.08% and a return on equity of 20.
16%. The company had revenue of $143.70 million during the quarter, compared to analysts’ expectations of $149.
37 million. During the same period in the previous year, the company earned $0.68 EPS.
The business’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, equities analysts predict that Limbach Holdings, Inc.
will post 2.54 earnings per share for the current fiscal year. Analyst Ratings ChangesA number of brokerages have recently weighed in on LMB.
Lake Street Capital increased their target price on Limbach from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th.
Stifel Nicolaus set a $103.00 target price on Limbach in a report on Wednesday, March 12th.Check Out Our Latest Research Report on LimbachLimbach Profile (Free Report)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.Further ReadingFive stocks we like better than Limbach3 Dividend Kings To ConsiderTexas Instruments: Earnings Beat, Upbeat Guidance Fuel RecoveryBest Stocks Under $10.
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