Limbach Holdings, Inc. (NASDAQ:LMB) Shares Acquired by Brighton Jones LLC

Brighton Jones LLC lifted its holdings in Limbach Holdings, Inc. (NASDAQ:LMB) by 7.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,106 shares of the construction company’s stock after purchasing an additional 943 shares during the period. Brighton Jones LLC owned approximately 0.13% of Limbach worth $803,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in LMB. Renaissance Technologies LLC grew its stake in Limbach by 6.4% during the 2nd quarter. Renaissance Technologies LLC now owns 394,871 shares of the construction company’s stock worth $22,480,000 after purchasing an additional 23,700 shares in the last quarter. Meeder Asset Management Inc. grew its position in shares of Limbach by 7.7% during the second quarter. Meeder Asset Management Inc. now owns 4,072 shares of the construction company’s stock worth $232,000 after buying an additional 292 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Limbach by 6.0% during the second quarter. American Century Companies Inc. now owns 208,223 shares of the construction company’s stock worth $11,854,000 after buying an additional 11,782 shares during the period. Victory Capital Management Inc. increased its stake in shares of Limbach by 2.3% during the second quarter. Victory Capital Management Inc. now owns 64,979 shares of the construction company’s stock worth $3,699,000 after buying an additional 1,481 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Limbach by 15.9% in the second quarter. Principal Financial Group Inc. now owns 11,866 shares of the construction company’s stock valued at $676,000 after acquiring an additional 1,626 shares in the last quarter. 55.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Limbach from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th.

Insider Activity at Limbach

In related news, Director Joshua Horowitz sold 5,000 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $64.02, for a total value of $320,100.00. Following the completion of the sale, the director now directly owns 190,000 shares of the company’s stock, valued at $12,163,800. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold 40,072 shares of company stock valued at $2,418,821 in the last ninety days. Insiders own 10.20% of the company’s stock.

Limbach Stock Up 3.8 %

Limbach stock opened at $80.02 on Friday. The stock has a market cap of $894.86 million, a PE ratio of 37.22, a P/E/G ratio of 2.35 and a beta of 0.95. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.63. The stock’s fifty day moving average is $63.32 and its two-hundred day moving average is $54.35. Limbach Holdings, Inc. has a 1-year low of $26.76 and a 1-year high of $80.62.

Limbach (NASDAQ:LMB) last posted its earnings results on Tuesday, August 6th. The construction company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.13. The firm had revenue of $122.24 million during the quarter, compared to analysts’ expectations of $123.50 million. Limbach had a return on equity of 21.06% and a net margin of 5.08%. During the same quarter in the previous year, the business earned $0.46 earnings per share. On average, sell-side analysts expect that Limbach Holdings, Inc. will post 2.43 EPS for the current fiscal year.

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.