Fmr LLC Has $3.07 Million Position in Limbach Holdings, Inc. (NASDAQ:LMB)

Fmr LLC grew its holdings in Limbach Holdings, Inc. (NASDAQ:LMB) by 21.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,543 shares of the construction company’s stock after purchasing an additional 7,239 shares during the period. Fmr LLC’s holdings in Limbach were worth $3,072,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. boosted its holdings in shares of Limbach by 6.3% during the third quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company’s stock worth $207,000 after purchasing an additional 162 shares during the period. SummerHaven Investment Management LLC grew its stake in Limbach by 0.9% in the second quarter. SummerHaven Investment Management LLC now owns 28,963 shares of the construction company’s stock valued at $1,649,000 after purchasing an additional 261 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in Limbach by 7.7% in the second quarter. Meeder Asset Management Inc. now owns 4,072 shares of the construction company’s stock valued at $232,000 after acquiring an additional 292 shares during the last quarter. American Capital Advisory LLC bought a new position in Limbach during the third quarter valued at about $25,000. Finally, Thrivent Financial for Lutherans raised its position in shares of Limbach by 0.8% in the third quarter. Thrivent Financial for Lutherans now owns 46,987 shares of the construction company’s stock valued at $3,560,000 after purchasing an additional 382 shares during the period. Institutional investors and hedge funds own 55.85% of the company’s stock.

Insider Buying and Selling at Limbach

In other news, Director David Richard Gaboury acquired 531 shares of Limbach stock in a transaction that occurred on Tuesday, December 10th. The shares were acquired at an average price of $94.51 per share, with a total value of $50,184.81. Following the purchase, the director now directly owns 2,071 shares of the company’s stock, valued at $195,730.21. The trade was a 34.48 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 10.20% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on LMB shares. Stifel Nicolaus upped their price objective on shares of Limbach from $108.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday. Roth Mkm increased their price objective on shares of Limbach from $67.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, StockNews.com cut shares of Limbach from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th.

Limbach Stock Performance

Limbach stock opened at $94.33 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 42.88, a P/E/G ratio of 3.18 and a beta of 1.09. Limbach Holdings, Inc. has a 12-month low of $35.24 and a 12-month high of $107.00. The stock has a 50-day simple moving average of $89.30 and a 200 day simple moving average of $71.71.

Limbach (NASDAQ:LMB) last released its earnings results on Tuesday, November 5th. The construction company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. The company had revenue of $133.90 million during the quarter, compared to the consensus estimate of $129.50 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 earnings per share. On average, research analysts anticipate that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

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.