SG Capital Management LLC Lowers Stock Position in Limbach Holdings, Inc. (NASDAQ:LMB)

SG Capital Management LLC trimmed its position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 85.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,283 shares of the construction company’s stock after selling 66,345 shares during the period. SG Capital Management LLC’s holdings in Limbach were worth $965,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. IFP Advisors Inc purchased a new stake in Limbach during the 4th quarter worth $37,000. Comerica Bank increased its position in shares of Limbach by 727.4% during the fourth quarter. Comerica Bank now owns 695 shares of the construction company’s stock worth $59,000 after acquiring an additional 611 shares during the last quarter. US Bancorp DE purchased a new stake in shares of Limbach during the fourth quarter worth about $115,000. KLP Kapitalforvaltning AS acquired a new position in shares of Limbach in the fourth quarter worth about $154,000. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Limbach in the fourth quarter worth about $223,000. 55.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Stifel Nicolaus set a $103.00 price objective on Limbach in a research note on Wednesday, March 12th. Lake Street Capital raised their price target 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. Finally, Roth Capital reiterated a “buy” rating on shares of Limbach in a research note on Wednesday, May 7th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.67.

Insider Buying and Selling

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of the business’s stock in a transaction dated 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 sale, the director now directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 9.70% of the company’s stock.

Limbach Trading Down 0.2%

NASDAQ:LMB opened at $122.54 on Friday. Limbach Holdings, Inc. has a 12-month low of $47.22 and a 12-month high of $128.17. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57. The business has a 50 day simple moving average of $88.36 and a 200 day simple moving average of $90.25. The firm has a market capitalization of $1.42 billion, a P/E ratio of 55.70, a P/E/G ratio of 2.22 and a beta of 1.08.

Limbach (NASDAQ:LMB) last posted its earnings results on Monday, May 5th. The construction company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.30 by $0.82. The firm had revenue of $133.11 million during the quarter, compared to analysts’ expectations of $121.06 million. Limbach had a net margin of 5.08% and a return on equity of 20.16%. Limbach’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 EPS. Equities research analysts predict that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

Limbach 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.