Loomis Sayles & Co. L P Sells 5,938 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

Loomis Sayles & Co. L P decreased its holdings in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 4.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,199 shares of the construction company’s stock after selling 5,938 shares during the quarter. Loomis Sayles & Co. L P owned about 1.23% of Limbach worth $10,470,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of LMB. Charles Schwab Investment Management Inc. raised its position in Limbach by 186.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 83,945 shares of the construction company’s stock valued at $6,360,000 after purchasing an additional 54,599 shares during the period. Segall Bryant & Hamill LLC raised its holdings in Limbach by 37.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 103,008 shares of the construction company’s stock valued at $7,804,000 after buying an additional 27,855 shares during the period. Quest Partners LLC bought a new stake in Limbach in the third quarter worth $207,000. Thrivent Financial for Lutherans boosted its stake in Limbach by 0.8% during the third quarter. Thrivent Financial for Lutherans now owns 46,987 shares of the construction company’s stock worth $3,560,000 after buying an additional 382 shares during the period. Finally, Empowered Funds LLC increased its position in Limbach by 4.9% during 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. Institutional investors own 55.85% of the company’s stock.

Limbach Stock Performance

Shares of NASDAQ:LMB opened at $98.76 on Thursday. The firm has a 50 day moving average of $83.52 and a 200 day moving average of $67.80. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 44.89, a price-to-earnings-growth ratio of 3.37 and a beta of 0.97. Limbach Holdings, Inc. has a 52 week low of $35.24 and a 52 week high of $104.98.

Limbach (NASDAQ:LMB) last issued its quarterly earnings data on Tuesday, November 5th. The construction company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The firm had revenue of $133.90 million during the quarter, compared to analysts’ expectations of $129.50 million. During the same period in the prior year, the business posted $0.61 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts predict that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Joshua Horowitz sold 5,000 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $64.02, for a total transaction of $320,100.00. Following the completion of the sale, the director now owns 190,000 shares in the company, valued at approximately $12,163,800. This represents a 2.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 10.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LMB shares. Stifel Nicolaus assumed coverage on shares of Limbach in a research note on Friday, November 15th. They set a “buy” rating and a $108.00 price target for the company. Roth Mkm increased their price target on Limbach from $67.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, StockNews.com cut Limbach from a “buy” rating to a “hold” rating in a report on Thursday, November 14th.

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.