Limbach Holdings, Inc. (NASDAQ:LMB) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers grew its holdings in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,065 shares of the construction company’s stock after purchasing an additional 255 shares during the period. Rhumbline Advisers’ holdings in Limbach were worth $1,203,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Janney Montgomery Scott LLC grew its stake in shares of Limbach by 16.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 29,806 shares of the construction company’s stock worth $2,258,000 after purchasing an additional 4,128 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Limbach by 6.3% during the third quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company’s stock worth $207,000 after buying an additional 162 shares in the last quarter. American Capital Advisory LLC acquired a new position in Limbach during the third quarter worth about $25,000. Los Angeles Capital Management LLC purchased a new position in Limbach in the third quarter valued at about $568,000. Finally, Royce & Associates LP lifted its position in shares of Limbach by 35.3% during the 3rd quarter. Royce & Associates LP now owns 249,578 shares of the construction company’s stock valued at $18,908,000 after acquiring an additional 65,082 shares during the period. 55.85% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director David Richard Gaboury purchased 531 shares of the stock in a transaction dated Tuesday, December 10th. The stock was acquired at an average cost of $94.51 per share, for a total transaction of $50,184.81. Following the completion of the acquisition, the director now directly owns 2,071 shares in the company, valued at $195,730.21. This represents a 34.48 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 10.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on LMB. Lake Street Capital upped their price target on Limbach from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. StockNews.com downgraded Limbach from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Stifel Nicolaus raised their price target on Limbach from $110.00 to $117.00 and gave the company a “buy” rating in a research report on Friday, January 24th.

Limbach Stock Up 4.3 %

Shares of NASDAQ LMB opened at $77.43 on Thursday. The firm’s 50-day moving average is $91.50 and its two-hundred day moving average is $85.10. The company has a market capitalization of $872.87 million, a PE ratio of 35.20, a price-to-earnings-growth ratio of 2.22 and a beta of 1.11. Limbach Holdings, Inc. has a 12-month low of $38.03 and a 12-month high of $107.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57.

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.