Thrivent Financial for Lutherans Has $3.56 Million Holdings in Limbach Holdings, Inc. (NASDAQ:LMB)

Thrivent Financial for Lutherans lifted its stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 0.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,987 shares of the construction company’s stock after purchasing an additional 382 shares during the period. Thrivent Financial for Lutherans owned approximately 0.42% of Limbach worth $3,560,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of LMB. Harbor Capital Advisors Inc. raised its holdings in Limbach by 6.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company’s stock worth $207,000 after purchasing an additional 162 shares during the last quarter. SummerHaven Investment Management LLC raised its stake in shares of Limbach by 0.9% during the second quarter. SummerHaven Investment Management LLC now owns 28,963 shares of the construction company’s stock worth $1,649,000 after buying an additional 261 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in 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 during the period. American Capital Advisory LLC acquired a new position in Limbach in the third quarter valued at approximately $25,000. Finally, Empowered Funds LLC boosted its stake in Limbach by 4.9% in the third quarter. Empowered Funds LLC now owns 8,618 shares of the construction company’s stock valued at $653,000 after acquiring an additional 402 shares during the last quarter. 55.85% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Limbach news, Director Joshua Horowitz sold 7,000 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $61.86, for a total value of $433,020.00. Following the transaction, the director now directly owns 203,000 shares of the company’s stock, valued at $12,557,580. This represents a 3.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 10.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. StockNews.com lowered Limbach from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Stifel Nicolaus assumed coverage on shares of Limbach in a report on Friday, November 15th. They set a “buy” rating and a $108.00 price objective for the company. Finally, 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, November 4th.

Limbach Stock Down 0.1 %

Limbach stock opened at $102.49 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. Limbach Holdings, Inc. has a 1-year low of $35.24 and a 1-year high of $104.98. The company has a fifty day simple moving average of $82.35 and a 200 day simple moving average of $67.06. The company has a market cap of $1.16 billion, a P/E ratio of 46.59, a price-to-earnings-growth ratio of 3.37 and a beta of 0.97.

Limbach (NASDAQ:LMB) last posted its quarterly 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 for the quarter, compared to analyst estimates of $129.50 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.61 EPS. Research analysts anticipate that Limbach Holdings, Inc. will post 2.54 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.