Alpine Woods Capital Investors LLC Makes New $599,000 Investment in Limbach Holdings, Inc. (NASDAQ:LMB)

Alpine Woods Capital Investors LLC acquired a new position in Limbach Holdings, Inc. (NASDAQ:LMB) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 7,007 shares of the construction company’s stock, valued at approximately $599,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Swiss National Bank lifted its holdings in Limbach by 1.0% in the 4th quarter. Swiss National Bank now owns 19,900 shares of the construction company’s stock worth $1,702,000 after buying an additional 200 shares in the last quarter. Saturna Capital Corp lifted its holdings in Limbach by 7.0% in the 4th quarter. Saturna Capital Corp now owns 9,804 shares of the construction company’s stock worth $839,000 after buying an additional 639 shares in the last quarter. PFG Advisors lifted its holdings in Limbach by 11.8% in the 4th quarter. PFG Advisors now owns 7,619 shares of the construction company’s stock worth $652,000 after buying an additional 803 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Limbach in the 4th quarter valued at about $2,230,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Limbach by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 85,086 shares of the construction company’s stock valued at $7,278,000 after buying an additional 1,141 shares during the last quarter. Institutional investors and hedge funds own 55.85% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on LMB shares. Stifel Nicolaus decreased their target price on shares of Limbach from $117.00 to $102.00 and set a “buy” rating for the company in a research report on Friday, March 7th. StockNews.com cut shares of Limbach from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Lake Street Capital upped their target price on shares of Limbach from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th.

Limbach Trading Down 3.9 %

Limbach stock opened at $73.30 on Friday. The firm has a 50 day simple moving average of $90.06 and a 200-day simple moving average of $85.47. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $832.17 million, a PE ratio of 33.32, a price-to-earnings-growth ratio of 2.22 and a beta of 1.18. Limbach Holdings, Inc. has a 12-month low of $38.03 and a 12-month high of $107.00.

Limbach (NASDAQ:LMB) last posted its quarterly earnings data on Monday, March 10th. The construction company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.31. The business had revenue of $143.70 million during the quarter, compared to analysts’ expectations of $149.37 million. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The business’s revenue was up .7% on a year-over-year basis. During the same period last year, the firm posted $0.68 earnings per share. As a group, equities research analysts expect that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Limbach Company Profile

Limbach Holdings, Inc operates as a building systems solution company in the United States. It operates through two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the construction and renovation projects that involve primarily include mechanical, plumbing, and electrical services.