Geode Capital Management LLC Sells 1,829 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

Geode Capital Management LLC decreased its position in Limbach Holdings, Inc. (NASDAQ:LMB) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 236,616 shares of the construction company’s stock after selling 1,829 shares during the quarter. Geode Capital Management LLC’s holdings in Limbach were worth $20,245,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. IFP Advisors Inc bought a new position in Limbach in the fourth quarter valued at $37,000. US Bancorp DE acquired a new stake in Limbach in the fourth quarter valued at $115,000. KLP Kapitalforvaltning AS bought a new position in shares of Limbach in the 4th quarter valued at about $154,000. Bailard Inc. bought a new stake in shares of Limbach in the 4th quarter valued at about $257,000. Finally, Sanctuary Advisors LLC bought a new stake in Limbach in the third quarter valued at approximately $262,000. Institutional investors and hedge funds own 55.85% of the company’s stock.

Limbach Stock Performance

LMB opened at $86.60 on Friday. The firm has a market cap of $983.17 million, a P/E ratio of 39.36, a price-to-earnings-growth ratio of 2.22 and a beta of 1.01. The business’s fifty day moving average is $79.31 and its 200-day moving average is $86.99. Limbach Holdings, Inc. has a 52-week low of $38.87 and a 52-week high of $107.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57.

Limbach (NASDAQ:LMB) last announced its quarterly earnings data on Monday, March 10th. The construction company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.31. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The business had revenue of $143.70 million for the quarter, compared to analysts’ expectations of $149.37 million. During the same period last year, the firm posted $0.68 earnings per share. The firm’s quarterly revenue was up .7% compared to the same quarter last year. Sell-side analysts expect that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In other news, Director Joshua Horowitz sold 25,400 shares of Limbach stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $75.43, for a total transaction of $1,915,922.00. Following the sale, the director now directly owns 164,600 shares of the company’s stock, valued at approximately $12,415,778. This trade represents a 13.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 10.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on LMB shares. Lake Street Capital upped their price target on shares of Limbach from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Stifel Nicolaus set a $103.00 price target on shares of Limbach in a research note on Wednesday, March 12th.

Limbach Company 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.