Virtu Financial LLC Makes New Investment in Limbach Holdings, Inc. (NASDAQ:LMB)

Virtu Financial LLC bought a new stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 6,426 shares of the construction company’s stock, valued at approximately $487,000. Virtu Financial LLC owned about 0.06% of Limbach as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in LMB. FMR LLC boosted its stake in Limbach by 21.7% in the 3rd quarter. FMR LLC now owns 40,543 shares of the construction company’s stock worth $3,072,000 after purchasing an additional 7,239 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Limbach by 6.0% in the second quarter. American Century Companies Inc. now owns 208,223 shares of the construction company’s stock worth $11,854,000 after buying an additional 11,782 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Limbach during the third quarter valued at approximately $568,000. Allspring Global Investments Holdings LLC increased its position in shares of Limbach by 34.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 83,385 shares of the construction company’s stock valued at $6,317,000 after acquiring an additional 21,346 shares in the last quarter. Finally, Thrivent Financial for Lutherans purchased a new position in Limbach in the 2nd quarter worth approximately $2,653,000. 55.85% of the stock is owned by institutional investors.

Insider Activity

In other Limbach news, Director David Richard Gaboury bought 531 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was bought at an average cost of $94.51 per share, for a total transaction of $50,184.81. Following the completion of the transaction, the director now owns 2,071 shares of the company’s stock, valued at $195,730.21. This represents a 34.48 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.20% of the company’s stock.

Limbach Trading Down 0.2 %

NASDAQ:LMB opened at $94.33 on Monday. The company has a market cap of $1.06 billion, a PE ratio of 42.88, a price-to-earnings-growth ratio of 3.18 and a beta of 1.09. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. The company has a 50 day simple moving average of $89.30 and a two-hundred day simple moving average of $71.90. Limbach Holdings, Inc. has a 12 month low of $35.24 and a 12 month high of $107.00.

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

Analyst Upgrades and Downgrades

Several brokerages have commented on LMB. StockNews.com downgraded Limbach from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Stifel Nicolaus increased their price objective on Limbach from $108.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Roth Mkm boosted their target price on Limbach from $67.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, November 4th.

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.