Limbach Holdings, Inc. (NASDAQ:LMB) Position Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 15.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 5,194 shares of the construction company’s stock after purchasing an additional 699 shares during the quarter. JPMorgan Chase & Co.’s holdings in Limbach were worth $393,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of LMB. American Capital Advisory LLC purchased a new position in Limbach during the 3rd quarter valued at about $25,000. nVerses Capital LLC acquired a new stake in Limbach during the third quarter valued at $53,000. Quest Partners LLC acquired a new stake in shares of Limbach during the 3rd quarter valued at about $207,000. Harbor Capital Advisors Inc. increased its holdings in Limbach by 6.3% in the third quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company’s stock worth $207,000 after buying an additional 162 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Limbach in the third quarter valued at approximately $262,000. Institutional investors own 55.85% of the company’s stock.

Limbach Price Performance

Shares of LMB opened at $95.91 on Thursday. Limbach Holdings, Inc. has a fifty-two week low of $38.03 and a fifty-two week high of $107.00. The firm has a market capitalization of $1.08 billion, a PE ratio of 43.60, a PEG ratio of 2.78 and a beta of 1.11. The company’s 50-day moving average is $95.06 and its 200-day moving average is $80.12. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57.

Limbach (NASDAQ:LMB) last announced its quarterly earnings data on Tuesday, November 5th. The construction company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $129.50 million. During the same period in the prior year, the company posted $0.61 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities analysts forecast that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on LMB. Roth Mkm raised their price objective on Limbach from $67.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, November 4th. StockNews.com lowered shares of Limbach from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Stifel Nicolaus boosted their target price on shares of Limbach from $110.00 to $117.00 and gave the stock a “buy” rating in a research report on Friday, January 24th.

Insider Activity at Limbach

In other Limbach news, Director David Richard Gaboury purchased 531 shares of the company’s stock in a transaction that occurred on 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 acquisition, the director now owns 2,071 shares of the company’s stock, valued at $195,730.21. The trade was a 34.48 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 10.20% of the stock is owned by corporate insiders.

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.