Los Angeles Capital Management LLC Acquires New Position in Limbach Holdings, Inc. (NASDAQ:LMB)

Los Angeles Capital Management LLC bought a new stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 25,782 shares of the construction company’s stock, valued at approximately $1,172,000. Los Angeles Capital Management LLC owned 0.23% of Limbach at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. SummerHaven Investment Management LLC increased its stake in Limbach by 0.9% in the 4th quarter. SummerHaven Investment Management LLC now owns 28,453 shares of the construction company’s stock worth $1,294,000 after acquiring an additional 252 shares during the last quarter. Truist Financial Corp purchased a new stake in Limbach during the fourth quarter valued at $340,000. Knights of Columbus Asset Advisors LLC lifted its position in Limbach by 103.0% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 62,890 shares of the construction company’s stock valued at $2,860,000 after purchasing an additional 31,906 shares during the last quarter. Strs Ohio grew its stake in shares of Limbach by 18.9% in the 4th quarter. Strs Ohio now owns 11,300 shares of the construction company’s stock worth $513,000 after buying an additional 1,800 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in shares of Limbach in the 4th quarter worth about $172,000. Institutional investors own 55.85% of the company’s stock.

Limbach Stock Up 0.4 %

Shares of LMB opened at $48.38 on Thursday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.16. Limbach Holdings, Inc. has a 52-week low of $17.98 and a 52-week high of $52.96. The company has a market cap of $545.15 million, a PE ratio of 27.18, a P/E/G ratio of 2.01 and a beta of 0.97. The business has a fifty day moving average of $43.94 and a 200 day moving average of $41.37.

Limbach (NASDAQ:LMB) last released its earnings results on Wednesday, March 13th. The construction company reported $0.44 earnings per share (EPS) for the quarter. The firm had revenue of $142.69 million during the quarter, compared to analyst estimates of $131.25 million. Limbach had a net margin of 4.02% and a return on equity of 18.87%. On average, sell-side analysts expect that Limbach Holdings, Inc. will post 1.88 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Limbach from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 13th.

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.