Silvercrest Asset Management Group LLC Makes New $5.04 Million Investment in Limbach Holdings, Inc. (NASDAQ:LMB)

Silvercrest Asset Management Group LLC purchased a new position in Limbach Holdings, Inc. (NASDAQ:LMB) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 58,935 shares of the construction company’s stock, valued at approximately $5,041,000. Silvercrest Asset Management Group LLC owned approximately 0.52% of Limbach as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Limbach by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 604,397 shares of the construction company’s stock valued at $51,700,000 after purchasing an additional 3,001 shares in the last quarter. Wasatch Advisors LP grew its position in shares of Limbach by 0.4% during the fourth quarter. Wasatch Advisors LP now owns 374,382 shares of the construction company’s stock valued at $32,025,000 after purchasing an additional 1,546 shares in the last quarter. First Trust Advisors LP grew its position in shares of Limbach by 67.5% during the fourth quarter. First Trust Advisors LP now owns 322,396 shares of the construction company’s stock valued at $27,578,000 after purchasing an additional 129,869 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in shares of Limbach by 41.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 216,567 shares of the construction company’s stock valued at $18,525,000 after purchasing an additional 62,987 shares in the last quarter. Finally, Next Century Growth Investors LLC purchased a new position in shares of Limbach during the fourth quarter valued at about $13,374,000. Hedge funds and other institutional investors own 55.85% of the company’s stock.

Limbach Trading Up 2.1%

LMB opened at $125.15 on Monday. The firm has a market cap of $1.45 billion, a P/E ratio of 56.89, a P/E/G ratio of 2.22 and a beta of 1.08. Limbach Holdings, Inc. has a 12 month low of $47.42 and a 12 month high of $128.17. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. The stock has a 50-day moving average of $89.27 and a 200 day moving average of $90.76.

Limbach (NASDAQ:LMB) last released its quarterly earnings results on Monday, May 5th. The construction company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.30 by $0.82. The company had revenue of $133.11 million during the quarter, compared to analyst estimates of $121.06 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The firm’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the business posted $0.69 earnings per share. As a group, research analysts forecast that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on LMB shares. Lake Street Capital raised their price objective on Limbach from $100.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Stifel Nicolaus set a $103.00 price objective on Limbach in a research report on Wednesday, March 12th. Finally, Roth Capital restated a “buy” rating on shares of Limbach in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $102.67.

Insider Buying and Selling

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $75.43, for a total value of $1,915,922.00. Following the completion of the sale, the director now owns 164,600 shares of the company’s stock, valued at $12,415,778. This trade represents a 13.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 9.70% of the stock is currently owned by company insiders.

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.