Petra Financial Advisors Inc. Acquires Shares of 5,559 Limbach Holdings, Inc. (NASDAQ:LMB)

Petra Financial Advisors Inc. acquired a new stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 5,559 shares of the construction company’s stock, valued at approximately $476,000.

Several other hedge funds and other institutional investors have also made changes to their positions in LMB. Empowered Funds LLC boosted its holdings in shares of Limbach by 4.9% during the 3rd quarter. Empowered Funds LLC now owns 8,618 shares of the construction company’s stock valued at $653,000 after purchasing an additional 402 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Limbach by 0.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 46,987 shares of the construction company’s stock valued at $3,560,000 after purchasing an additional 382 shares during the last quarter. Quest Partners LLC bought a new position in shares of Limbach during the 3rd quarter valued at about $207,000. Segall Bryant & Hamill LLC boosted its holdings in shares of Limbach by 37.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 103,008 shares of the construction company’s stock valued at $7,804,000 after purchasing an additional 27,855 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Limbach by 186.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 83,945 shares of the construction company’s stock valued at $6,360,000 after purchasing an additional 54,599 shares during the last quarter. Institutional investors own 55.85% of the company’s stock.

Limbach Price Performance

NASDAQ LMB opened at $75.00 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57. The firm’s 50 day moving average price is $88.95 and its 200-day moving average price is $85.83. Limbach Holdings, Inc. has a 52-week low of $38.03 and a 52-week high of $107.00. The company has a market cap of $851.48 million, a PE ratio of 34.09, a P/E/G ratio of 2.22 and a beta of 1.18.

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

Insider Buying and Selling at Limbach

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of Limbach stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $75.43, for a total transaction of $1,915,922.00. Following the transaction, the director now directly owns 164,600 shares of the company’s stock, valued at $12,415,778. The trade was a 13.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 10.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on LMB. Lake Street Capital increased their price objective on shares of Limbach from $100.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Stifel Nicolaus decreased their target price on shares of Limbach from $117.00 to $102.00 and set a “buy” rating on the stock in a research report on Friday, March 7th.

About Limbach

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.