Knights of Columbus Asset Advisors LLC Sells 10,411 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

Knights of Columbus Asset Advisors LLC decreased its position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 29.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,542 shares of the construction company’s stock after selling 10,411 shares during the quarter. Knights of Columbus Asset Advisors LLC owned 0.23% of Limbach worth $2,185,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LMB. Empowered Funds LLC lifted 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 worth $653,000 after purchasing an additional 402 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Limbach by 0.8% in the third quarter. Thrivent Financial for Lutherans now owns 46,987 shares of the construction company’s stock worth $3,560,000 after acquiring an additional 382 shares during the last quarter. Quest Partners LLC bought a new position in shares of Limbach in the third quarter worth about $207,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Limbach by 186.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 83,945 shares of the construction company’s stock worth $6,360,000 after acquiring an additional 54,599 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Limbach by 21.7% in the third quarter. FMR LLC now owns 40,543 shares of the construction company’s stock worth $3,072,000 after acquiring an additional 7,239 shares during the last quarter. Institutional investors own 55.85% of the company’s stock.

Wall Street Analyst Weigh In

LMB has been the subject of a number of research reports. Lake Street Capital increased their target price on shares of Limbach from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Stifel Nicolaus set a $103.00 target price on shares of Limbach in a report on Wednesday, March 12th.

Limbach Stock Performance

Limbach stock opened at $82.85 on Friday. The business has a 50 day moving average of $87.64 and a 200-day moving average of $86.14. Limbach Holdings, Inc. has a 1 year low of $38.03 and a 1 year high of $107.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market capitalization of $940.60 million, a P/E ratio of 37.66, a P/E/G ratio of 2.22 and a beta of 1.18.

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

Insider Buying and Selling at Limbach

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $75.43, for a total transaction of $1,915,922.00. Following the completion of the sale, the director now owns 164,600 shares of the company’s stock, valued at approximately $12,415,778. This represents a 13.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.