Royce & Associates LP Has $26.13 Million Stock Holdings in Limbach Holdings, Inc. $LMB

Royce & Associates LP grew its position in Limbach Holdings, Inc. (NASDAQ:LMB) by 83.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 335,663 shares of the construction company’s stock after purchasing an additional 152,956 shares during the period. Royce & Associates LP’s holdings in Limbach were worth $26,131,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Isthmus Partners LLC boosted its stake in shares of Limbach by 17.5% in the 4th quarter. Isthmus Partners LLC now owns 40,618 shares of the construction company’s stock valued at $3,162,000 after purchasing an additional 6,047 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Limbach by 7.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 790,632 shares of the construction company’s stock valued at $61,550,000 after purchasing an additional 55,511 shares in the last quarter. UBS Group AG boosted its stake in shares of Limbach by 23.7% in the 4th quarter. UBS Group AG now owns 60,874 shares of the construction company’s stock valued at $4,739,000 after purchasing an additional 11,644 shares in the last quarter. PFG Advisors boosted its stake in shares of Limbach by 25.2% in the 4th quarter. PFG Advisors now owns 10,355 shares of the construction company’s stock valued at $806,000 after purchasing an additional 2,084 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of Limbach by 13.8% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,555 shares of the construction company’s stock valued at $432,000 after purchasing an additional 673 shares in the last quarter. Institutional investors and hedge funds own 55.85% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on LMB. JPMorgan Chase & Co. cut their price target on Limbach from $100.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, March 26th. Wall Street Zen cut Limbach from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings cut Limbach from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Limbach currently has an average rating of “Hold” and an average price target of $116.67.

Insider Transactions at Limbach

In other Limbach news, CFO Jayme L. Brooks sold 9,910 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $78.56, for a total transaction of $778,529.60. Following the completion of the sale, the chief financial officer directly owned 140,750 shares of the company’s stock, valued at approximately $11,057,320. The trade was a 6.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jay Sharp sold 2,000 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $79.99, for a total value of $159,980.00. Following the sale, the executive vice president directly owned 79,027 shares of the company’s stock, valued at $6,321,369.73. This represents a 2.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 27,433 shares of company stock valued at $2,345,453 over the last ninety days. 10.20% of the stock is currently owned by company insiders.

Limbach Stock Performance

Limbach stock opened at $74.19 on Wednesday. The stock has a 50-day simple moving average of $82.17 and a 200 day simple moving average of $81.38. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. Limbach Holdings, Inc. has a 12-month low of $65.08 and a 12-month high of $154.05. The stock has a market capitalization of $884.42 million, a price-to-earnings ratio of 26.98 and a beta of 1.54.

Limbach (NASDAQ:LMB) last released its quarterly earnings results on Tuesday, May 5th. The construction company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.43. Limbach had a return on equity of 26.17% and a net margin of 5.09%.The business had revenue of $138.86 million during the quarter, compared to analysts’ expectations of $134.23 million. During the same period in the previous year, the business posted $1.12 earnings per share. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, research analysts anticipate that Limbach Holdings, Inc. will post 4.98 earnings per share for the current fiscal year.

About Limbach

Limbach Holdings, Inc (NASDAQ: LMB) is a U.S.-based mechanical construction firm specializing in the design, installation and maintenance of heating, ventilation and air conditioning (HVAC) systems, piping, plumbing and sheet metal fabrication. The company delivers comprehensive mechanical solutions to commercial, institutional, health care, education, government and industrial clients, drawing on its in-house engineering, prefabrication and construction management capabilities.

The company’s service offerings encompass full-scope mechanical construction, including energy system design, direct digital controls and building automation, retrofits, testing and balancing, preventive maintenance programs and emergency response services.