WINTON GROUP Ltd Boosts Stock Position in Limbach Holdings, Inc. (NASDAQ:LMB)

WINTON GROUP Ltd raised its position in Limbach Holdings, Inc. (NASDAQ:LMB) by 48.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,558 shares of the construction company’s stock after purchasing an additional 4,073 shares during the period. WINTON GROUP Ltd’s holdings in Limbach were worth $1,074,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. IFP Advisors Inc purchased a new stake in shares of Limbach in the fourth quarter valued at $37,000. US Bancorp DE purchased a new stake in Limbach in the 4th quarter valued at about $115,000. KLP Kapitalforvaltning AS purchased a new stake in Limbach in the 4th quarter valued at about $154,000. Bailard Inc. acquired a new position in shares of Limbach during the 4th quarter valued at about $257,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Limbach during the 3rd quarter worth about $262,000. 55.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus set a $103.00 target price on shares of Limbach in a research report on Wednesday, March 12th. Lake Street Capital boosted their price objective on shares of Limbach from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th.

Insider Activity at Limbach

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $75.43, for a total transaction of $1,915,922.00. Following the transaction, the director now owns 164,600 shares in the company, 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 SEC, which is available through this hyperlink. 10.20% of the stock is owned by insiders.

Limbach Stock Down 3.0 %

Shares of NASDAQ:LMB opened at $76.26 on Friday. The stock has a 50-day simple moving average of $86.13 and a 200-day simple moving average of $86.60. The stock has a market capitalization of $865.78 million, a P/E ratio of 34.66, a PEG ratio of 2.22 and a beta of 1.18. Limbach Holdings, Inc. has a 1 year low of $38.03 and a 1 year high of $107.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57.

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, topping the consensus estimate of $0.84 by $0.31. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The company had revenue of $143.70 million during the quarter, compared to the consensus estimate of $149.37 million. During the same period in the previous year, the firm earned $0.68 earnings per share. Limbach’s revenue for the quarter was up .7% on a year-over-year basis. Equities analysts forecast that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

Limbach 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.