Limbach Holdings, Inc. (NASDAQ:LMB) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC cut its position in Limbach Holdings, Inc. (NASDAQ:LMB) by 8.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,345 shares of the construction company’s stock after selling 2,538 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.26% of Limbach worth $2,510,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in Limbach by 186.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 83,945 shares of the construction company’s stock worth $6,360,000 after buying an additional 54,599 shares during the period. FMR LLC grew its stake in shares of Limbach by 21.7% in the third quarter. FMR LLC now owns 40,543 shares of the construction company’s stock worth $3,072,000 after acquiring an additional 7,239 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Limbach by 40.5% during the third quarter. BNP Paribas Financial Markets now owns 5,276 shares of the construction company’s stock worth $400,000 after acquiring an additional 1,521 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Limbach in the third quarter valued at $643,000. Finally, Janus Henderson Group PLC purchased a new position in Limbach in the third quarter valued at $333,000. Hedge funds and other institutional investors own 55.85% of the company’s stock.

Limbach Stock Down 4.3 %

Limbach stock opened at $73.18 on Friday. The stock has a market cap of $830.81 million, a PE ratio of 33.26, a P/E/G ratio of 2.22 and a beta of 1.01. 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’s fifty day moving average is $84.06 and its two-hundred day moving average is $86.74. Limbach Holdings, Inc. has a 1-year low of $38.03 and a 1-year high of $107.00.

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

Insider Transactions at Limbach

In related news, Director Joshua Horowitz sold 25,400 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $75.43, for a total value of $1,915,922.00. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 10.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LMB. Lake Street Capital increased their price target on Limbach from $100.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Stifel Nicolaus set a $103.00 target price on shares of Limbach in a report on Wednesday, March 12th.

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.