Quest Partners LLC Invests $207,000 in Limbach Holdings, Inc. (NASDAQ:LMB)

Quest Partners LLC bought a new position in Limbach Holdings, Inc. (NASDAQ:LMB) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,731 shares of the construction company’s stock, valued at approximately $207,000.

Other large investors have also made changes to their positions in the company. American Capital Advisory LLC bought a new stake in shares of Limbach in the 3rd quarter worth about $25,000. nVerses Capital LLC bought a new stake in shares of Limbach in the 3rd quarter worth about $53,000. Harbor Capital Advisors Inc. grew its holdings in shares of Limbach by 6.3% in 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. Mraz Amerine & Associates Inc. bought a new stake in Limbach during the 3rd quarter worth about $265,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Limbach during the 2nd quarter worth about $223,000. Institutional investors own 55.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on LMB. Roth Mkm increased their price objective on shares of Limbach from $67.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Stifel Nicolaus began coverage on shares of Limbach in a report on Friday, November 15th. They set a “buy” rating and a $108.00 price objective on the stock. Finally, StockNews.com lowered shares of Limbach from a “buy” rating to a “hold” rating in a report on Thursday, November 14th.

Limbach Stock Performance

Limbach stock opened at $98.76 on Thursday. 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 market cap of $1.11 billion, a PE ratio of 46.38, a PEG ratio of 3.37 and a beta of 0.97. The company’s 50-day moving average is $83.52 and its two-hundred day moving average is $67.80.

Limbach (NASDAQ:LMB) last released its earnings results on Tuesday, November 5th. The construction company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The company had revenue of $133.90 million for the quarter, compared to the consensus estimate of $129.50 million. During the same period in the prior year, the company posted $0.61 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. Equities analysts anticipate that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Limbach

In related news, Director Joshua Horowitz sold 5,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 190,000 shares in the company, valued at $12,163,800. This trade represents a 2.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 10.20% of the company’s stock.

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.