SG Americas Securities LLC Acquires Shares of 10,479 Limbach Holdings, Inc. (NASDAQ:LMB)

SG Americas Securities LLC acquired a new stake in Limbach Holdings, Inc. (NASDAQ:LMB) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,479 shares of the construction company’s stock, valued at approximately $794,000. SG Americas Securities LLC owned about 0.09% of Limbach as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. SummerHaven Investment Management LLC boosted its stake in 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 during the last quarter. Meeder Asset Management Inc. raised 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. Price T Rowe Associates Inc. MD lifted its holdings in Limbach by 8.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,199 shares of the construction company’s stock worth $257,000 after acquiring an additional 483 shares in the last quarter. Empowered Funds LLC grew its stake in Limbach by 7.3% in the first quarter. Empowered Funds LLC now owns 7,676 shares of the construction company’s stock valued at $318,000 after acquiring an additional 525 shares during the period. Finally, Calamos Advisors LLC grew its stake in Limbach by 6.0% in the second quarter. Calamos Advisors LLC now owns 15,798 shares of the construction company’s stock valued at $899,000 after acquiring an additional 891 shares during the period. 55.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, Director Joshua Horowitz sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $64.02, for a total transaction of $320,100.00. Following the completion of the transaction, the director now directly owns 190,000 shares of the company’s stock, valued at $12,163,800. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 40,072 shares of company stock valued at $2,418,821. 10.20% of the stock is owned by corporate insiders.

Limbach Price Performance

NASDAQ LMB opened at $82.11 on Friday. The business has a 50 day simple moving average of $67.99 and a 200 day simple moving average of $57.65. Limbach Holdings, Inc. has a 52-week low of $26.76 and a 52-week high of $82.31. 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 stock has a market cap of $918.24 million, a price-to-earnings ratio of 38.19, a PEG ratio of 2.68 and a beta of 0.96.

Limbach (NASDAQ:LMB) last posted its earnings results on Tuesday, August 6th. The construction company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.13. Limbach had a return on equity of 21.06% and a net margin of 5.08%. The business had revenue of $122.24 million during the quarter, compared to analysts’ expectations of $123.50 million. During the same period in the prior year, the business earned $0.46 EPS. 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.