Limbach Holdings, Inc. $LMB Shares Acquired by Expect Equity LLC

Expect Equity LLC raised its holdings in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 98.8% in the 4th quarter, HoldingsChannel reports. The fund owned 28,511 shares of the construction company’s stock after buying an additional 14,169 shares during the quarter. Limbach accounts for approximately 2.1% of Expect Equity LLC’s investment portfolio, making the stock its 23rd biggest holding. Expect Equity LLC’s holdings in Limbach were worth $2,220,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in LMB. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Limbach by 23.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 687 shares of the construction company’s stock valued at $53,000 after purchasing an additional 130 shares during the last quarter. Comerica Bank lifted its holdings in shares of Limbach by 24.0% in the 1st quarter. Comerica Bank now owns 862 shares of the construction company’s stock valued at $64,000 after purchasing an additional 167 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Limbach by 34.5% in the 4th quarter. Royal Bank of Canada now owns 1,445 shares of the construction company’s stock valued at $113,000 after purchasing an additional 371 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Limbach in the 4th quarter valued at about $150,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Limbach by 59.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,131 shares of the construction company’s stock valued at $158,000 after purchasing an additional 423 shares during the last quarter. 55.85% of the stock is owned by institutional investors and hedge funds.

Limbach Stock Up 0.5%

LMB opened at $80.34 on Thursday. The business has a 50 day moving average price of $82.83 and a two-hundred day moving average price of $82.30. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The company has a market cap of $957.65 million, a PE ratio of 29.21 and a beta of 1.42. Limbach Holdings, Inc. has a 52 week low of $65.08 and a 52 week high of $154.05.

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

Wall Street Analyst Weigh In

LMB has been the subject of several research reports. Wall Street Zen downgraded Limbach from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings downgraded Limbach from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. reduced their target price on Limbach from $100.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, March 26th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $116.67.

Insider Activity at Limbach

In other Limbach news, EVP Jay Sharp sold 4,871 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was 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 directly owned 73,456 shares of the company’s stock, valued at $5,863,257.92. This represents a 6.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jayme L. Brooks sold 3,440 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $100.00, for a total value of $344,000.00. Following the sale, the chief financial officer directly owned 125,227 shares of the company’s stock, valued at approximately $12,522,700. This represents a 2.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 20,394 shares of company stock valued at $1,795,746. 7.00% of the stock is owned by company insiders.

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.