BNP Paribas Financial Markets Grows Stock Position in Limbach Holdings, Inc. (NASDAQ:LMB)

BNP Paribas Financial Markets increased its position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 40.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,276 shares of the construction company’s stock after buying an additional 1,521 shares during the quarter. BNP Paribas Financial Markets’ holdings in Limbach were worth $400,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LMB. Harbor Capital Advisors Inc. raised its position in Limbach by 6.3% in the third quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company’s stock valued at $207,000 after purchasing an additional 162 shares during the period. SummerHaven Investment Management LLC raised its position 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 during the period. Meeder Asset Management Inc. grew its stake in shares of Limbach by 7.7% in the second quarter. Meeder Asset Management Inc. now owns 4,072 shares of the construction company’s stock worth $232,000 after acquiring an additional 292 shares in the last quarter. American Capital Advisory LLC acquired a new position in shares of Limbach in the third quarter worth $25,000. Finally, Thrivent Financial for Lutherans grew its stake 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 worth $3,560,000 after acquiring an additional 382 shares in the last quarter. Hedge funds and other institutional investors own 55.85% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. StockNews.com downgraded shares of Limbach from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Stifel Nicolaus boosted their price target on shares of Limbach from $108.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Roth Mkm boosted their price target on shares of Limbach from $67.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, November 4th.

Insiders Place Their Bets

In other Limbach news, Director David Richard Gaboury purchased 531 shares of the stock in a transaction dated Tuesday, December 10th. The shares were acquired at an average cost of $94.51 per share, for a total transaction of $50,184.81. Following the completion of the transaction, the director now directly owns 2,071 shares of the company’s stock, valued at $195,730.21. This trade represents a 34.48 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 10.20% of the stock is currently owned by company insiders.

Limbach Price Performance

Shares of NASDAQ:LMB opened at $94.33 on Friday. The company has a 50-day simple moving average of $89.30 and a 200-day simple moving average of $71.80. Limbach Holdings, Inc. has a one year low of $35.24 and a one year high of $107.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 42.88, a PEG ratio of 3.18 and a beta of 1.09.

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

About Limbach

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.