20,000 Shares in Limbach Holdings, Inc. $LMB Bought by JB Capital Partners LP

JB Capital Partners LP bought a new stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 20,000 shares of the construction company’s stock, valued at approximately $1,540,000,000. JB Capital Partners LP owned approximately 0.17% of Limbach as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of LMB. BlackRock Inc. purchased a new stake in Limbach in the second quarter worth about $75,410,000. Invesco Ltd. lifted its position in shares of Limbach by 2,041.6% during the 2nd quarter. Invesco Ltd. now owns 400,603 shares of the construction company’s stock valued at $56,124,000 after buying an additional 381,897 shares in the last quarter. Wasatch Advisors LP grew its stake in shares of Limbach by 37.8% during the 4th quarter. Wasatch Advisors LP now owns 997,394 shares of the construction company’s stock valued at $77,647,000 after acquiring an additional 273,818 shares during the period. Neumeier Poma Investment Counsel LLC grew its stake in shares of Limbach by 151.5% during the 4th quarter. Neumeier Poma Investment Counsel LLC now owns 318,238 shares of the construction company’s stock valued at $24,775,000 after acquiring an additional 191,685 shares during the period. Finally, Royce & Associates LP increased its holdings in Limbach by 83.7% in the 4th quarter. Royce & Associates LP now owns 335,663 shares of the construction company’s stock worth $26,131,000 after acquiring an additional 152,956 shares in the last quarter. Institutional investors own 55.85% of the company’s stock.

Insider Activity at Limbach

In other news, EVP Jay Sharp sold 4,871 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $79.82, for a total transaction of $388,803.22. Following the completion of the transaction, the executive vice president owned 73,456 shares in the company, valued at $5,863,257.92. This trade represents a 6.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 7.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

LMB has been the topic of a number of recent analyst reports. Royal Bank Of Canada set a $50.00 target price on shares of Limbach in a research note on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Limbach in a research report on Wednesday, August 5th. Wall Street Zen cut shares of Limbach from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Stifel Nicolaus decreased their price objective on shares of Limbach from $107.00 to $86.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $50.00 target price (down from $60.00) on shares of Limbach in a report on Friday. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Limbach has an average rating of “Reduce” and a consensus price target of $62.00.

Limbach Stock Up 0.4%

NASDAQ LMB opened at $42.90 on Friday. Limbach Holdings, Inc. has a 12 month low of $41.92 and a 12 month high of $128.57. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18. The stock has a market cap of $511.80 million, a PE ratio of 17.16 and a beta of 1.45. The stock’s 50 day moving average is $68.44 and its 200 day moving average is $78.48.

Limbach (NASDAQ:LMB) last announced its quarterly earnings data on Tuesday, August 4th. The construction company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.29). The company had revenue of $173.46 million for the quarter, compared to analysts’ expectations of $177.33 million. Limbach had a net margin of 4.42% and a return on equity of 23.22%. Research analysts predict that Limbach Holdings, Inc. will post 4.17 EPS for the current fiscal year.

Limbach Company Profile

Limbach Holdings, Inc (NASDAQ: LMB) is a U.S.-based mechanical construction firm specializing in the design, installation and maintenance of heating, ventilation and air conditioning (HVAC) systems, piping, plumbing and sheet metal fabrication. The company delivers comprehensive mechanical solutions to commercial, institutional, health care, education, government and industrial clients, drawing on its in-house engineering, prefabrication and construction management capabilities.

The company’s service offerings encompass full-scope mechanical construction, including energy system design, direct digital controls and building automation, retrofits, testing and balancing, preventive maintenance programs and emergency response services.