188,141 Shares of Limbach Holdings, Inc. $LMB Acquired by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. bought a new position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) in the 3rd quarter, Holdings Channel reports. The fund bought 188,141 shares of the construction company’s stock, valued at approximately $9,206,000.

Other large investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its holdings in Limbach by 13.6% in the first quarter. Janney Montgomery Scott LLC now owns 3,288 shares of the construction company’s stock worth $257,000 after purchasing an additional 394 shares in the last quarter. Parkside Financial Bank & Trust acquired a new position in Limbach in the second quarter valued at approximately $36,000. Cetera Investment Advisers lifted its stake in Limbach by 8.8% in the first quarter. Cetera Investment Advisers now owns 5,833 shares of the construction company’s stock valued at $455,000 after buying an additional 473 shares during the period. Keebeck Wealth Management boosted its holdings in shares of Limbach by 15.7% during the 1st quarter. Keebeck Wealth Management now owns 3,677 shares of the construction company’s stock worth $287,000 after buying an additional 498 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in shares of Limbach during the 3rd quarter worth approximately $25,000. Institutional investors and hedge funds own 55.85% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LMB. Wall Street Zen raised shares of Limbach from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Royal Bank Of Canada set a $50.00 price objective on shares of Limbach in a research note on Friday, August 21st. Zacks Research upgraded shares of Limbach from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 6th. Stifel Nicolaus set a $81.00 price target on shares of Limbach in a report on Monday, November 9th. Finally, JPMorgan Chase & Co. raised their price target on shares of Limbach from $50.00 to $55.00 and gave the stock an “underweight” rating in a report on Thursday, November 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Limbach presently has a consensus rating of “Moderate Buy” and an average price target of $70.25.

Limbach Stock Down 1.1%

Shares of NASDAQ:LMB traded down $0.62 during midday trading on Friday, hitting $56.03. 64,489 shares of the company’s stock were exchanged, compared to its average volume of 189,194. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a 50 day moving average price of $50.83 and a 200-day moving average price of $70.07. The company has a market cap of $657.23 million, a PE ratio of 21.89 and a beta of 1.37. Limbach Holdings, Inc. has a 12 month low of $40.74 and a 12 month high of $114.95.

Limbach (NASDAQ:LMB) last posted its earnings results on Tuesday, November 3rd. The construction company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.16. Limbach had a net margin of 4.23% and a return on equity of 24.40%. The company had revenue of $230.46 million for the quarter, compared to analyst estimates of $218.59 million. On average, sell-side analysts anticipate that Limbach Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Insider Transactions at Limbach

In related news, Director Joshua Horowitz acquired 4,008 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was purchased at an average cost of $50.71 per share, with a total value of $203,245.68. Following the acquisition, the director owned 171,208 shares of the company’s stock, valued at approximately $8,681,957.68. This trade represents a 2.40% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders bought 7,820 shares of company stock worth $391,002. 7.00% of the stock is currently owned by insiders.

Limbach Company Profile

Limbach Group, Inc. provides building systems and related services across the United States. Its work includes the design, installation, maintenance and repair of heating, ventilation and air conditioning (HVAC), plumbing, electrical and building automation systems. The company serves building owners and operators in sectors that include healthcare, education, government, commercial real estate and industrial facilities. Its services range from system upgrades and renovations to ongoing facility maintenance and energy-related improvements.