JB Capital Partners LP Acquires Shares of 20,000 Limbach Holdings, Inc. $LMB

JB Capital Partners LP purchased a new stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 20,000 shares of the construction company’s stock, valued at approximately $1,540,000. JB Capital Partners LP owned about 0.17% of Limbach at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LMB. Thrivent Financial for Lutherans lifted its position in Limbach by 7.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 790,632 shares of the construction company’s stock worth $61,550,000 after acquiring an additional 55,511 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of Limbach by 83.7% during the fourth quarter. Royce & Associates LP now owns 335,663 shares of the construction company’s stock valued at $26,131,000 after acquiring an additional 152,956 shares during the period. Granite Investment Partners LLC lifted its stake in shares of Limbach by 20.3% in the 1st quarter. Granite Investment Partners LLC now owns 110,269 shares of the construction company’s stock valued at $8,606,000 after purchasing an additional 18,572 shares during the period. UBS Group AG lifted its position in Limbach by 23.7% during the 4th quarter. UBS Group AG now owns 60,874 shares of the construction company’s stock worth $4,739,000 after buying an additional 11,644 shares in the last quarter. Finally, Neumeier Poma Investment Counsel LLC grew its holdings in Limbach by 151.5% in the 4th quarter. Neumeier Poma Investment Counsel LLC now owns 318,238 shares of the construction company’s stock valued at $24,775,000 after buying an additional 191,685 shares in the last quarter. Hedge funds and other institutional investors own 55.85% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Royal Bank Of Canada set a $50.00 price objective on shares of Limbach in a research note on Friday, August 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Limbach in a research note on Wednesday, August 5th. Zacks Research downgraded shares of Limbach from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. Stifel Nicolaus lowered their price target on Limbach from $107.00 to $86.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Finally, Wall Street Zen cut shares of Limbach from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $62.00.

Insider Buying and Selling at Limbach

In other Limbach news, EVP Jay Sharp sold 4,871 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $79.82, for a total value of $388,803.22. Following the completion of the transaction, the executive vice president directly owned 73,456 shares in the company, valued at approximately $5,863,257.92. The trade was a 6.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 7.00% of the company’s stock.

Limbach Stock Performance

LMB remained flat at $41.73 on Friday. The company had a trading volume of 168,368 shares, compared to its average volume of 257,834. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18. The company has a market cap of $497.84 million, a P/E ratio of 16.69 and a beta of 1.45. Limbach Holdings, Inc. has a fifty-two week low of $41.17 and a fifty-two week high of $123.00. The company has a 50 day moving average price of $65.42 and a two-hundred day moving average price of $77.20.

Limbach (NASDAQ:LMB) last released its earnings results on Tuesday, August 4th. The construction company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.29). Limbach had a net margin of 4.42% and a return on equity of 23.22%. The company had revenue of $173.46 million for the quarter, compared to analyst estimates of $177.33 million. As a group, equities research analysts expect that Limbach Holdings, Inc. will post 4.17 EPS for the current fiscal 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.