Raymond James Financial Services Advisors Inc. purchased a new stake in Limbach Holdings, Inc. (NASDAQ:LMB – Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 11,866 shares of the construction company’s stock, valued at approximately $293,000. Raymond James Financial Services Advisors Inc. owned approximately 0.11% of Limbach at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Bailard Inc. purchased a new position in Limbach in the 2nd quarter valued at about $270,000. Ritholtz Wealth Management boosted its position in Limbach by 16.6% in the 2nd quarter. Ritholtz Wealth Management now owns 36,454 shares of the construction company’s stock valued at $902,000 after buying an additional 5,199 shares during the last quarter. Ancora Advisors LLC purchased a new position in Limbach in the 1st quarter valued at about $817,000. Jane Street Group LLC boosted its position in Limbach by 120.8% in the 1st quarter. Jane Street Group LLC now owns 35,900 shares of the construction company’s stock valued at $621,000 after buying an additional 19,643 shares during the last quarter. Finally, State Street Corp boosted its position in Limbach by 13.1% in the 1st quarter. State Street Corp now owns 31,902 shares of the construction company’s stock valued at $552,000 after buying an additional 3,700 shares during the last quarter. 45.38% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Limbach news, CEO Michael M. Mccann acquired 2,866 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were purchased at an average price of $35.47 per share, for a total transaction of $101,657.02. Following the completion of the purchase, the chief executive officer now directly owns 42,134 shares in the company, valued at $1,494,492.98. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Jayme L. Brooks purchased 1,398 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were bought at an average price of $34.68 per share, for a total transaction of $48,482.64. Following the completion of the purchase, the chief financial officer now owns 3,568 shares of the company’s stock, valued at $123,738.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael M. Mccann purchased 2,866 shares of the company’s stock in a transaction on Monday, August 21st. The stock was purchased at an average price of $35.47 per share, for a total transaction of $101,657.02. Following the purchase, the chief executive officer now directly owns 42,134 shares of the company’s stock, valued at approximately $1,494,492.98. The disclosure for this purchase can be found here. Insiders have acquired a total of 5,662 shares of company stock worth $198,622 over the last quarter. 15.50% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
View Our Latest Report on Limbach
Limbach Price Performance
LMB opened at $30.17 on Friday. The firm has a market cap of $331.87 million, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 1.84 and a beta of 1.11. Limbach Holdings, Inc. has a fifty-two week low of $7.28 and a fifty-two week high of $37.71. The company’s 50-day moving average price is $31.37 and its 200 day moving average price is $26.53. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.18.
Limbach (NASDAQ:LMB – Get Free Report) last released its quarterly earnings data on Wednesday, August 9th. The construction company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.23. The firm had revenue of $124.88 million for the quarter, compared to analyst estimates of $124.00 million. Limbach had a net margin of 3.08% and a return on equity of 18.30%. As a group, sell-side analysts expect that Limbach Holdings, Inc. will post 1.36 earnings per share for the current year.
Limbach Company Profile
Limbach Holdings, Inc operates as an integrated building systems solutions company in the United States. It operates in two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the design, prefabrication, installation, management, and maintenance of mechanical, electrical, plumbing, and control systems, as well as heating, ventilation, air-conditioning (HVAC) system.
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