Victory Capital Management Inc. increased its holdings of Limbach Holdings, Inc. (NASDAQ: LMB – Get Rating) stock by 33.4% in Q1, according to the company in its most recent filing with the Securities and Exchange Commission. The company held 240,664 shares of the construction company after purchasing an additional 60,224 shares during the period. Victory Capital Management Inc. owned approximately 2.31% of Limbach worth $1,673,000 at the end of the most recent reporting period.
Elsewhere, Royce & Associates LP increased its position in Limbach by 35.5% in the fourth quarter. Royce & Associates LP now owns 978,622 shares of the construction company worth $8,808,000 after purchasing an additional 256,542 shares during the period. 41.94% of the shares are held by hedge funds and other institutional investors.
Separately, director Joshua Horowitz acquired 6,315 shares of the company in a transaction dated Wednesday, June 1. The stock was purchased at an average price of $5.93 per share, for a total transaction of $37,447.95. Following the transaction, the administrator now owns 249,835 shares of the company, valued at $1,481,521.55. The purchase was disclosed in a filing with the SEC, which is available via this hyperlink. In the past 90 days, insiders have purchased 14,599 shares of the company worth $85,727. Insiders hold 13.40% of the shares of the company.
Analyst upgrades and downgrades
Separately, StockNews.com began covering Limbach in a research report on Tuesday. They issued a “maintaining” rating for the company.
Limbach share performance
LMB opened at $6.55 on Friday. The company has a market cap of $68.27 million, a price-to-earnings ratio of 9.10, a growth price-to-earnings ratio of 0.56, and a beta of 1.09. The company has a debt ratio of 0.28, a current ratio of 1.42 and a quick ratio of 1.48. Limbach Holdings, Inc. has a 1-year low of $4.90 and a 1-year high of $9.76. The company has a 50-day moving average price of $5.60 and a two-hundred-day moving average price of $6.47.
Limbach (NASDAQ:LMB – Get Rating) last reported quarterly earnings data on Tuesday, May 10. The construction company reported EPS of $0.03 for the quarter, beating consensus analyst estimates of $0.02 by $0.01. Limbach had a return on equity of 11.88% and a net margin of 1.56%. The company had revenue of $114.82 million in the quarter, versus a consensus estimate of $114.00 million. Research analysts predict that Limbach Holdings, Inc. will post EPS of 0.89 for the current fiscal year.
Profile of Limbach
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Limbach Holdings, Inc operates as an integrated building systems solutions company in the United States. It operates in two segments, General Contractor Relations and Direct Owner Relations. The company deals with the design, prefabrication, installation, management and maintenance of mechanical, electrical, plumbing and control systems, as well as heating, ventilation and air conditioning systems. (HVAC).
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