323,953 Shares in Limbach Holdings, Inc. $LMB Bought by Neumeier Poma Investment Counsel LLC

Neumeier Poma Investment Counsel LLC bought a new stake in Limbach Holdings, Inc. (NASDAQ:LMB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 323,953 shares of the construction company’s stock, valued at approximately $24,944,381,000. Limbach comprises approximately 1.7% of Neumeier Poma Investment Counsel LLC’s holdings, making the stock its 29th biggest holding.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LMB. BlackRock Inc. purchased a new stake in Limbach during the 2nd quarter worth about $75,410,000. Invesco Ltd. increased its holdings in shares of Limbach by 2,041.6% in the 2nd quarter. Invesco Ltd. now owns 400,603 shares of the construction company’s stock valued at $56,124,000 after acquiring an additional 381,897 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of Limbach by 37.8% in 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 last quarter. Royce & Associates LP raised its position in shares of Limbach by 83.7% during 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. Finally, First Trust Advisors LP raised its position in shares of Limbach by 36.0% during the 4th quarter. First Trust Advisors LP now owns 442,173 shares of the construction company’s stock worth $34,423,000 after acquiring an additional 117,035 shares in the last quarter. 55.85% of the stock is currently owned by institutional investors and hedge funds.

Limbach Price Performance

LMB opened at $42.90 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market capitalization of $511.80 million, a price-to-earnings ratio of 17.16 and a beta of 1.45. The business has a 50-day moving average of $68.44 and a two-hundred day moving average of $78.43. Limbach Holdings, Inc. has a 12 month low of $41.92 and a 12 month high of $128.57.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wall Street Zen cut Limbach from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Stifel Nicolaus dropped their price target on shares of Limbach from $107.00 to $86.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. JPMorgan Chase & Co. downgraded shares of Limbach from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $60.00 to $50.00 in a research report on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Limbach in a report on Wednesday, August 5th. Finally, Zacks Research downgraded shares of Limbach from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $62.00.

Insiders Place Their Bets

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

Limbach 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.