JB Capital Partners LP Buys New Stake in Limbach Holdings, Inc. $LMB

JB Capital Partners LP purchased a new position in Limbach Holdings, Inc. (NASDAQ:LMB) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 20,000 shares of the construction company’s stock, valued at approximately $1,540,000,000.

A number of other hedge funds also recently bought and sold shares of the business. BlackRock Inc. bought a new position in Limbach during the second quarter valued at $75,410,000. Invesco Ltd. raised its position in shares of Limbach by 2,041.6% during the 2nd quarter. Invesco Ltd. now owns 400,603 shares of the construction company’s stock valued at $56,124,000 after buying an additional 381,897 shares in the last quarter. Wasatch Advisors LP raised its position in shares of Limbach by 37.8% during the 4th quarter. Wasatch Advisors LP now owns 997,394 shares of the construction company’s stock valued at $77,647,000 after buying an additional 273,818 shares in the last quarter. Neumeier Poma Investment Counsel LLC lifted its holdings in shares of 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 acquiring an additional 191,685 shares during the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of Limbach by 83.7% in the 4th 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 last quarter. Hedge funds and other institutional investors own 55.85% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Limbach

In related news, EVP Jay Sharp sold 4,871 shares of the business’s stock in a transaction 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 transaction, the executive vice president owned 73,456 shares in the company, valued at $5,863,257.92. The trade was a 6.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 7.00% of the stock is currently owned by insiders.

Limbach Stock Up 0.4%

Shares of NASDAQ LMB opened at $42.90 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market cap of $511.80 million, a P/E ratio of 17.16 and a beta of 1.45. Limbach Holdings, Inc. has a 1 year low of $41.92 and a 1 year high of $128.57. The firm has a 50-day simple moving average of $68.44 and a two-hundred day simple moving average of $78.48.

Limbach (NASDAQ:LMB) last released its earnings results on Tuesday, August 4th. The construction company reported $0.64 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 business had revenue of $173.46 million for the quarter, compared to the consensus estimate of $177.33 million. Research analysts anticipate that Limbach Holdings, Inc. will post 4.17 earnings per share 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.