Hsbc Holdings PLC Invests $627,000 in Limbach Holdings, Inc. $LMB

Hsbc Holdings PLC bought a new stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,062 shares of the construction company’s stock, valued at approximately $627,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of LMB. Granite Investment Partners LLC lifted its position in Limbach by 20.3% in the first quarter. Granite Investment Partners LLC now owns 110,269 shares of the construction company’s stock worth $8,606,000 after buying an additional 18,572 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Limbach by 13.6% during the first quarter. Janney Montgomery Scott LLC now owns 3,288 shares of the construction company’s stock worth $257,000 after buying an additional 394 shares during the period. Campbell Newman Asset Management Inc. bought a new position in Limbach during the first quarter valued at $1,953,000. SG Americas Securities LLC increased its position in Limbach by 123.5% during the first quarter. SG Americas Securities LLC now owns 5,197 shares of the construction company’s stock valued at $406,000 after acquiring an additional 2,872 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Limbach by 51.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 843 shares of the construction company’s stock valued at $66,000 after acquiring an additional 286 shares during the period. Hedge funds and other institutional investors own 55.85% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Limbach from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings downgraded shares of Limbach from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $97.00.

Insider Buying and Selling

In related news, EVP Jay Sharp sold 4,871 shares of Limbach stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $79.82, for a total transaction of $388,803.22. Following the completion of the sale, the executive vice president owned 73,456 shares in the company, valued at $5,863,257.92. This trade represents a 6.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 7.00% of the stock is owned by corporate insiders.

Limbach Price Performance

LMB opened at $69.90 on Friday. The business has a fifty day moving average of $77.45 and a 200 day moving average of $82.14. The stock has a market cap of $833.21 million, a P/E ratio of 25.42 and a beta of 1.43. 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 52-week low of $65.08 and a 52-week high of $141.18.

Limbach (NASDAQ:LMB) last released its earnings results on Tuesday, May 5th. The construction company reported $0.64 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $134.23 million. During the same quarter last year, the firm posted $1.12 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Limbach Holdings, Inc. will post 4.98 EPS for the current year.

Limbach Company Profile

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.