Segall Bryant & Hamill LLC lowered its holdings in Limbach Holdings, Inc. (NASDAQ:LMB – Free Report) by 4.9% during the first quarter, HoldingsChannel reports. The fund owned 168,366 shares of the construction company’s stock after selling 8,715 shares during the period. Segall Bryant & Hamill LLC’s holdings in Limbach were worth $13,141,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Caitong International Asset Management Co. Ltd lifted its stake in Limbach by 23.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 687 shares of the construction company’s stock worth $53,000 after purchasing an additional 130 shares during the last quarter. Comerica Bank boosted its holdings in Limbach by 24.0% in the first quarter. Comerica Bank now owns 862 shares of the construction company’s stock valued at $64,000 after purchasing an additional 167 shares in the last quarter. Fifth Third Bancorp purchased a new position in Limbach in the first quarter valued at approximately $85,000. State of Wyoming increased its stake in Limbach by 131.4% in the first quarter. State of Wyoming now owns 1,444 shares of the construction company’s stock valued at $113,000 after purchasing an additional 820 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in Limbach by 34.5% during the fourth quarter. Royal Bank of Canada now owns 1,445 shares of the construction company’s stock worth $113,000 after purchasing an additional 371 shares in the last quarter. Institutional investors and hedge funds own 55.85% of the company’s stock.
Insider Activity
In related news, EVP Jay Sharp sold 4,871 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $79.82, for a total transaction of $388,803.22. Following the transaction, the executive vice president owned 73,456 shares of the company’s stock, valued at $5,863,257.92. This trade represents a 6.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 7.00% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Read Our Latest Analysis on Limbach
Limbach Stock Up 2.6%
Shares of NASDAQ:LMB opened at $71.70 on Friday. Limbach Holdings, Inc. has a 1-year low of $65.08 and a 1-year high of $141.18. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 1.71. The stock has a market cap of $854.66 million, a P/E ratio of 26.07 and a beta of 1.43. The firm has a fifty day moving average price of $77.46 and a 200 day moving average price of $82.07.
Limbach (NASDAQ:LMB – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The construction company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.43. Limbach had a net margin of 5.09% and a return on equity of 26.17%. The company had revenue of $138.86 million for the quarter, compared to analyst estimates of $134.23 million. During the same period in the previous year, the business posted $1.12 earnings per share. Limbach’s quarterly revenue was up 4.3% on a year-over-year basis. Sell-side analysts predict that Limbach Holdings, Inc. will post 4.98 EPS for the current year.
About Limbach
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.
Featured Articles
- Five stocks we like better than Limbach
- Popular’s Earnings Beat Shows Why This Bank Stock Keeps Climbing
- ABB’s Rotork Deal Could Put These Flow Control Stocks Back in Focus
- GE HealthCare Stock Climbs on Vital Diagnostics Demand
- Lost in Space: Why Aerospace Valuations Are Plummeting Right Now
Want to see what other hedge funds are holding LMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Limbach Holdings, Inc. (NASDAQ:LMB – Free Report).
Receive News & Ratings for Limbach Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Limbach and related companies with MarketBeat.com's FREE daily email newsletter.
