Saturna Capital Corp Raises Stake in Limbach Holdings, Inc. (NASDAQ:LMB)

Saturna Capital Corp raised its holdings in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 7.0% during the fourth quarter, Holdings Channel reports. The fund owned 9,804 shares of the construction company’s stock after buying an additional 639 shares during the period. Saturna Capital Corp’s holdings in Limbach were worth $839,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its holdings in shares of Limbach by 16.1% in the third quarter. Janney Montgomery Scott LLC now owns 29,806 shares of the construction company’s stock worth $2,258,000 after buying an additional 4,128 shares during the period. Los Angeles Capital Management LLC bought a new position in Limbach during the 3rd quarter worth approximately $568,000. Royce & Associates LP lifted its position in Limbach by 35.3% in the third quarter. Royce & Associates LP now owns 249,578 shares of the construction company’s stock valued at $18,908,000 after purchasing an additional 65,082 shares during the last quarter. Empowered Funds LLC lifted its position 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 purchasing an additional 402 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Limbach by 0.8% during the third quarter. Thrivent Financial for Lutherans now owns 46,987 shares of the construction company’s stock valued at $3,560,000 after purchasing an additional 382 shares during the period. 55.85% of the stock is owned by hedge funds and other institutional investors.

Limbach Price Performance

Shares of Limbach stock opened at $79.69 on Wednesday. The company has a market cap of $898.35 million, a PE ratio of 36.22, a P/E/G ratio of 2.22 and a beta of 1.18. The business has a 50 day moving average of $90.37 and a 200 day moving average of $85.43. Limbach Holdings, Inc. has a 52 week low of $38.03 and a 52 week high of $107.00. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14.

Limbach (NASDAQ:LMB) last posted its earnings results on Monday, March 10th. The construction company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.84 by $0.31. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The firm had revenue of $143.70 million during the quarter, compared to analysts’ expectations of $149.37 million. During the same period last year, the company posted $0.68 EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. As a group, equities research analysts forecast that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on LMB shares. StockNews.com downgraded shares of Limbach from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Lake Street Capital boosted their price objective on shares of Limbach from $100.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Finally, Stifel Nicolaus dropped their target price on shares of Limbach from $117.00 to $102.00 and set a “buy” rating for the company in a report on Friday, March 7th.

Limbach 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.