Limbach Holdings, Inc. $LMB Shares Newly Bought by Skylands Capital LLC

Skylands Capital LLC bought a new position in Limbach Holdings, Inc. (NASDAQ:LMB) during the third quarter, Holdings Channel reports. The firm bought 34,135 shares of the construction company’s stock, valued at approximately $1,670,000.

Several other large investors have also added to or reduced their stakes in LMB. BlackRock Inc. bought a new stake in Limbach during the 2nd quarter worth approximately $75,410,000. Grandeur Peak Global Advisors LLC purchased a new stake in shares of Limbach in the second quarter worth approximately $3,620,000. Jupiter Topco LLC purchased a new stake in shares of Limbach in the second quarter worth approximately $1,686,000. Corient Private Wealth LP purchased a new stake in shares of Limbach in the second quarter worth approximately $1,781,000. Finally, Granite Investment Partners LLC lifted its holdings in shares of Limbach by 20.3% in the first 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 in the last quarter. Institutional investors own 55.85% of the company’s stock.

Insider Buying and Selling at Limbach

In other news, Director Joshua Horowitz acquired 4,008 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The stock was bought at an average price of $50.71 per share, with a total value of $203,245.68. Following the acquisition, the director owned 171,208 shares in the company, valued at $8,681,957.68. The trade was a 2.40% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders acquired 7,820 shares of company stock worth $391,002. 7.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

LMB has been the topic of a number of recent research reports. Lake Street Capital raised their target price on Limbach from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Royal Bank Of Canada set a $50.00 price target on Limbach in a report on Friday, August 21st. Stifel Nicolaus lowered their price target on Limbach from $86.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. Zacks Research upgraded Limbach from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Limbach in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Limbach has an average rating of “Hold” and an average target price of $67.50.

Limbach Trading Up 1.7%

NASDAQ:LMB opened at $48.34 on Thursday. Limbach Holdings, Inc. has a 12 month low of $40.74 and a 12 month high of $114.95. 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 firm’s 50 day moving average is $48.03 and its 200 day moving average is $67.46. The stock has a market capitalization of $576.70 million, a PE ratio of 19.34 and a beta of 1.33.

Limbach (NASDAQ:LMB) last announced its quarterly earnings data on Tuesday, August 4th. The construction company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.29). Limbach had a net margin of 4.42% and a return on equity of 23.22%. The firm had revenue of $173.46 million for the quarter, compared to the consensus estimate of $177.33 million. Sell-side analysts expect that Limbach Holdings, Inc. will post 4.29 earnings per share for the current year.

Limbach Company Profile

Limbach Holdings, Inc is a building systems solutions provider that designs, installs, services and maintains critical mechanical, electrical, plumbing and building automation systems. Its capabilities include heating, ventilation and air conditioning (HVAC), energy management, plumbing, electrical infrastructure, controls and other building systems that support the operation and efficiency of complex facilities.

The company serves institutional and commercial customers, including healthcare providers, universities and other educational institutions, life sciences organizations, government and public-sector entities, and industrial and commercial property owners.