7,007 Shares in Limbach Holdings, Inc. (NASDAQ:LMB) Acquired by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC acquired a new position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 7,007 shares of the construction company’s stock, valued at approximately $599,000. Alpine Woods Capital Investors LLC owned about 0.06% of Limbach at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. IFP Advisors Inc purchased a new stake in Limbach in the 4th quarter worth approximately $37,000. US Bancorp DE purchased a new stake in Limbach in the 4th quarter worth approximately $115,000. Quest Partners LLC purchased a new stake in Limbach in the 3rd quarter worth approximately $207,000. Bailard Inc. purchased a new stake in Limbach in the 4th quarter worth approximately $257,000. Finally, Sanctuary Advisors LLC purchased a new stake in Limbach in the 3rd quarter worth approximately $262,000. 55.85% of the stock is currently owned by institutional investors and hedge funds.

Limbach Stock Down 3.9 %

Shares of Limbach stock opened at $73.30 on Friday. The company has a fifty day moving average price of $90.06 and a 200 day moving average price of $85.47. 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 twelve month low of $38.03 and a twelve month high of $107.00. The stock has a market cap of $832.17 million, a price-to-earnings ratio of 33.32, a price-to-earnings-growth ratio of 2.22 and a beta of 1.18.

Limbach (NASDAQ:LMB) last announced 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 net margin of 5.08% and a return on equity of 20.16%. The firm had revenue of $143.70 million during the quarter, compared to analysts’ expectations of $149.37 million. During the same period in the prior year, the company earned $0.68 EPS. The firm’s revenue was up .7% on a year-over-year basis. Equities research analysts forecast that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LMB. Stifel Nicolaus lowered their price objective on shares of Limbach from $117.00 to $102.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Lake Street Capital boosted their price objective on shares of Limbach from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Finally, StockNews.com cut shares of Limbach from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

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.