Expect Equity LLC Makes New $2.11 Million Investment in Limbach Holdings, Inc. (NASDAQ:LMB)

Expect Equity LLC bought a new stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB) during the 4th quarter, Holdings Channel.com reports. The firm bought 24,667 shares of the construction company’s stock, valued at approximately $2,110,000. Limbach comprises approximately 2.2% of Expect Equity LLC’s holdings, making the stock its 23rd largest position.

Several other institutional investors and hedge funds also recently modified their holdings of LMB. Vanguard Group Inc. raised its holdings in Limbach by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 604,397 shares of the construction company’s stock valued at $51,700,000 after acquiring an additional 3,001 shares in the last quarter. Wasatch Advisors LP increased its holdings in shares of Limbach by 0.4% in the 4th quarter. Wasatch Advisors LP now owns 374,382 shares of the construction company’s stock worth $32,025,000 after acquiring an additional 1,546 shares during the period. First Trust Advisors LP increased its stake in shares of Limbach by 67.5% in the fourth quarter. First Trust Advisors LP now owns 322,396 shares of the construction company’s stock valued at $27,578,000 after purchasing an additional 129,869 shares during the period. Rockefeller Capital Management L.P. raised its stake in Limbach by 41.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 216,567 shares of the construction company’s stock valued at $18,525,000 after acquiring an additional 62,987 shares in the last quarter. Finally, Next Century Growth Investors LLC acquired a new stake in Limbach in the fourth quarter worth about $13,374,000. Hedge funds and other institutional investors own 55.85% of the company’s stock.

Limbach Stock Performance

Shares of LMB opened at $119.94 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 firm has a market cap of $1.39 billion, a price-to-earnings ratio of 54.52, a price-to-earnings-growth ratio of 2.22 and a beta of 1.08. Limbach Holdings, Inc. has a 12 month low of $43.78 and a 12 month high of $122.76. The company’s fifty day moving average is $83.42 and its 200-day moving average is $88.76.

Limbach (NASDAQ:LMB) last announced its quarterly earnings results on Monday, May 5th. The construction company reported $1.12 EPS for the quarter, beating the consensus estimate of $0.30 by $0.82. The company had revenue of $133.11 million for the quarter, compared to the consensus estimate of $121.06 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 earnings per share. Equities analysts expect that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Ratings Changes

LMB has been the subject of a number of research reports. Stifel Nicolaus set a $103.00 price target on Limbach in a research note on Wednesday, March 12th. Lake Street Capital raised their price objective on shares of Limbach from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Finally, Roth Capital reiterated a “buy” rating on shares of Limbach in a report on Wednesday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $102.67.

Insider Buying and Selling

In related news, Director Joshua Horowitz sold 25,400 shares of Limbach stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $75.43, for a total transaction of $1,915,922.00. Following the sale, the director now directly owns 164,600 shares of the company’s stock, valued at $12,415,778. This trade represents a 13.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.70% of the stock is owned by insiders.

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.