Limbach Holdings, Inc. (NASDAQ:LMB) Shares Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd increased its stake in Limbach Holdings, Inc. (NASDAQ:LMB) by 48.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,558 shares of the construction company’s stock after acquiring an additional 4,073 shares during the period. WINTON GROUP Ltd owned approximately 0.11% of Limbach worth $1,074,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. acquired a new position in shares of Limbach during the third quarter worth about $11,635,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Limbach by 186.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 83,945 shares of the construction company’s stock valued at $6,360,000 after acquiring an additional 54,599 shares during the period. Moody Aldrich Partners LLC purchased a new position in shares of Limbach in the 4th quarter valued at approximately $4,430,000. Portolan Capital Management LLC increased its holdings in shares of Limbach by 70.5% in the third quarter. Portolan Capital Management LLC now owns 123,354 shares of the construction company’s stock valued at $9,345,000 after purchasing an additional 51,002 shares during the period. Finally, Isthmus Partners LLC purchased a new stake in shares of Limbach during the third quarter worth approximately $3,405,000. 55.85% of the stock is currently owned by hedge funds and other institutional investors.

Limbach Price Performance

Limbach stock opened at $76.26 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57. Limbach Holdings, Inc. has a one year low of $38.03 and a one year high of $107.00. The company has a market cap of $865.78 million, a P/E ratio of 34.66, a price-to-earnings-growth ratio of 2.22 and a beta of 1.18. The business has a fifty day moving average of $86.13 and a two-hundred day moving average of $86.60.

Limbach (NASDAQ:LMB) last released its quarterly earnings data on Monday, March 10th. The construction company reported $1.15 EPS 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 for the quarter, compared to the consensus estimate of $149.37 million. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The firm’s revenue was up .7% on a year-over-year basis. As a group, analysts predict that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of Limbach stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $75.43, for a total transaction of $1,915,922.00. Following the completion of the transaction, the director now owns 164,600 shares in the company, valued at approximately $12,415,778. The trade was a 13.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 10.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

LMB has been the subject of a number of analyst reports. Lake Street Capital upped their price objective on shares of Limbach from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Stifel Nicolaus set a $103.00 price target on shares of Limbach in a report 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.