Harbor Capital Advisors Inc. Increases Stock Position in Limbach Holdings, Inc. (NASDAQ:LMB)

Harbor Capital Advisors Inc. lifted its position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 6.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,736 shares of the construction company’s stock after buying an additional 162 shares during the period. Harbor Capital Advisors Inc.’s holdings in Limbach were worth $207,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. nVerses Capital LLC acquired a new stake in Limbach during the third quarter worth about $53,000. Mraz Amerine & Associates Inc. acquired a new stake in Limbach in the 3rd quarter valued at $265,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Limbach during the 2nd quarter valued at about $223,000. Brendel Financial Advisors LLC purchased a new stake in shares of Limbach during the second quarter valued at approximately $231,000. Finally, Meeder Asset Management Inc. increased its stake in Limbach by 7.7% during the 2nd 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 during the period. 55.85% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Joshua Horowitz sold 12,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $59.17, for a total value of $710,040.00. Following the completion of the transaction, the director now directly owns 237,672 shares of the company’s stock, valued at $14,063,052.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders have sold 40,072 shares of company stock worth $2,418,821. Company insiders own 10.20% of the company’s stock.

Analyst Ratings Changes

LMB has been the topic of a number of recent analyst reports. Roth Mkm upped their target price on shares of Limbach from $67.00 to $80.00 and gave the company a “buy” rating in a research note on Monday. StockNews.com upgraded shares of Limbach from a “hold” rating to a “buy” rating in a research report on Wednesday.

Limbach Stock Performance

LMB stock opened at $93.75 on Friday. The stock has a market cap of $1.06 billion, a P/E ratio of 42.81, a P/E/G ratio of 2.52 and a beta of 0.97. Limbach Holdings, Inc. has a 52 week low of $29.55 and a 52 week high of $95.26. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a 50 day simple moving average of $75.75 and a 200 day simple moving average of $62.88.

Limbach (NASDAQ:LMB) last posted its earnings results on Tuesday, November 5th. The construction company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.05. The firm had revenue of $133.90 million during the quarter, compared to analyst estimates of $129.50 million. Limbach had a return on equity of 21.06% and a net margin of 5.08%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 EPS. Research analysts anticipate that Limbach Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Limbach Company 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.