Moran Wealth Management LLC Buys Shares of 6,848 Limbach Holdings, Inc. (NASDAQ:LMB)

Moran Wealth Management LLC bought a new stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 6,848 shares of the construction company’s stock, valued at approximately $510,000. Moran Wealth Management LLC owned 0.06% of Limbach as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Limbach by 16,413.0% during the 1st quarter. GAMMA Investing LLC now owns 3,798 shares of the construction company’s stock valued at $283,000 after purchasing an additional 3,775 shares in the last quarter. ProShare Advisors LLC bought a new position in shares of Limbach during the 4th quarter valued at $246,000. US Bancorp DE bought a new position in shares of Limbach during the 4th quarter valued at $115,000. Man Group plc bought a new position in shares of Limbach during the 4th quarter valued at $356,000. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Limbach by 43.2% during the 1st quarter. Harbor Capital Advisors Inc. now owns 3,656 shares of the construction company’s stock valued at $272,000 after purchasing an additional 1,103 shares in the last quarter. Institutional investors own 55.85% of the company’s stock.

Insider Buying and Selling

In other news, insider Jay Sharp sold 2,000 shares of the business’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $137.49, for a total transaction of $274,980.00. Following the transaction, the insider now owns 69,877 shares in the company, valued at approximately $9,607,388.73. The trade was a 2.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 9.70% of the company’s stock.

Limbach Stock Performance

Shares of LMB opened at $139.39 on Friday. The company has a market capitalization of $1.62 billion, a PE ratio of 49.96, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21. Limbach Holdings, Inc. has a one year low of $48.17 and a one year high of $144.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.55 and a quick ratio of 1.55. The company’s fifty day moving average price is $123.17 and its 200 day moving average price is $98.98.

Limbach (NASDAQ:LMB) last announced its earnings results on Monday, May 5th. The construction company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.30 by $0.82. The firm had revenue of $133.11 million for the quarter, compared to the consensus estimate of $121.06 million. Limbach had a net margin of 6.29% and a return on equity of 27.66%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 EPS. As a group, analysts expect that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Limbach from $130.00 to $141.00 and gave the company a “buy” rating in a report on Monday, June 2nd. Roth Capital restated a “buy” rating on shares of Limbach in a report on Wednesday, May 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $115.33.

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.