Limbach Holdings, Inc. (NASDAQ:LMB) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 34.4% during the third quarter, Holdings Channel reports. The firm owned 83,385 shares of the construction company’s stock after acquiring an additional 21,346 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Limbach were worth $6,317,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SummerHaven Investment Management LLC boosted its holdings in shares of Limbach by 0.9% in the second quarter. SummerHaven Investment Management LLC now owns 28,963 shares of the construction company’s stock valued at $1,649,000 after acquiring an additional 261 shares in the last quarter. Meeder Asset Management Inc. increased its position in shares of Limbach by 7.7% in the second quarter. Meeder Asset Management Inc. now owns 4,072 shares of the construction company’s stock valued at $232,000 after buying an additional 292 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Limbach by 8.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,199 shares of the construction company’s stock valued at $257,000 after purchasing an additional 483 shares in the last quarter. Empowered Funds LLC lifted its stake in Limbach by 7.3% in the 1st quarter. Empowered Funds LLC now owns 7,676 shares of the construction company’s stock valued at $318,000 after buying an additional 525 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of Limbach during the third quarter valued at $53,000. Hedge funds and other institutional investors own 55.85% of the company’s stock.

Analyst Upgrades and Downgrades

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

Limbach Stock Down 4.9 %

LMB stock opened at $77.15 on Monday. The company has a market capitalization of $869.48 million, a P/E ratio of 35.23, a PEG ratio of 2.77 and a beta of 0.96. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.15. Limbach Holdings, Inc. has a twelve month low of $27.45 and a twelve month high of $87.00. The firm has a 50 day simple moving average of $72.61 and a 200-day simple moving average of $60.61.

Limbach (NASDAQ:LMB) last posted its earnings results on Tuesday, August 6th. The construction company reported $0.50 EPS 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 net margin of 5.08% and a return on equity of 21.06%. During the same quarter in the prior year, the firm earned $0.46 EPS. On average, equities research analysts predict that Limbach Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Limbach news, Director Joshua Horowitz sold 8,800 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $59.14, for a total value of $520,432.00. Following the transaction, the director now directly owns 223,272 shares of the company’s stock, valued at $13,204,306.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 40,072 shares of company stock worth $2,418,821 over the last ninety days. 10.20% of the stock is currently owned by company insiders.

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.