Swiss National Bank Purchases 200 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

Swiss National Bank lifted its position in Limbach Holdings, Inc. (NASDAQ:LMB) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,900 shares of the construction company’s stock after acquiring an additional 200 shares during the quarter. Swiss National Bank’s holdings in Limbach were worth $1,702,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LMB. Charles Schwab Investment Management Inc. lifted its position in shares of Limbach by 186.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 83,945 shares of the construction company’s stock worth $6,360,000 after purchasing an additional 54,599 shares during the period. FMR LLC lifted its holdings in Limbach by 21.7% during the third quarter. FMR LLC now owns 40,543 shares of the construction company’s stock worth $3,072,000 after buying an additional 7,239 shares during the period. BNP Paribas Financial Markets boosted its position in Limbach by 40.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,276 shares of the construction company’s stock valued at $400,000 after acquiring an additional 1,521 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Limbach in the 3rd quarter valued at $643,000. Finally, Isthmus Partners LLC bought a new position in shares of Limbach in the 3rd quarter worth $3,405,000. 55.85% of the stock is currently owned by institutional investors.

Limbach Stock Performance

Shares of LMB opened at $76.26 on Friday. Limbach Holdings, Inc. has a 12 month low of $38.03 and a 12 month high of $107.00. The stock has a fifty day moving average price of $86.13 and a 200-day moving average price of $86.60. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. The firm has a market cap of $865.78 million, a PE ratio of 34.66, a P/E/G ratio of 2.22 and a beta of 1.18.

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

Insiders Place Their Bets

In other news, Director Joshua Horowitz sold 25,400 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $75.43, for a total value of $1,915,922.00. Following the completion of the transaction, the director now directly owns 164,600 shares in the company, valued at $12,415,778. This trade represents 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 the SEC website. 10.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

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.