Petra Financial Advisors Inc. Makes New $476,000 Investment in Limbach Holdings, Inc. (NASDAQ:LMB)

Petra Financial Advisors Inc. bought a new position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,559 shares of the construction company’s stock, valued at approximately $476,000.

A number of other institutional investors also recently bought and sold shares of LMB. Rockefeller Capital Management L.P. purchased a new stake in shares of Limbach in the 3rd quarter valued at approximately $11,635,000. Charles Schwab Investment Management Inc. raised its stake in shares of Limbach by 186.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 83,945 shares of the construction company’s stock valued at $6,360,000 after acquiring an additional 54,599 shares during the period. Moody Aldrich Partners LLC purchased a new stake in shares of Limbach in the 4th quarter valued at approximately $4,430,000. Portolan Capital Management LLC raised its stake in shares of Limbach by 70.5% in the 3rd quarter. Portolan Capital Management LLC now owns 123,354 shares of the construction company’s stock valued at $9,345,000 after acquiring an additional 51,002 shares during the period. Finally, Isthmus Partners LLC purchased a new stake in shares of Limbach in the 3rd quarter valued at approximately $3,405,000. 55.85% of the stock is owned by hedge funds and other institutional investors.

Limbach Price Performance

Shares of LMB opened at $75.00 on Tuesday. Limbach Holdings, Inc. has a fifty-two week low of $38.03 and a fifty-two week high of $107.00. The firm’s 50 day moving average price is $88.95 and its 200 day moving average price is $85.83. The company has a market cap of $851.48 million, a P/E ratio of 34.09, a PEG ratio of 2.22 and a beta of 1.18. 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 announced its earnings results on Monday, March 10th. The construction company reported $1.15 earnings per share 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 for the quarter, compared to the consensus estimate of $149.37 million. During the same period in the prior year, the firm earned $0.68 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. On average, research analysts forecast that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of the business’s 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 transaction, the director now owns 164,600 shares in the company, valued at $12,415,778. The trade was a 13.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 10.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

LMB has been the topic of a number of research analyst reports. Lake Street Capital boosted 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 reduced their price target on shares of Limbach from $117.00 to $102.00 and set a “buy” rating on the stock in a research note 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.