Neumeier Poma Investment Counsel LLC Buys Shares of 323,953 Limbach Holdings, Inc. $LMB

Neumeier Poma Investment Counsel LLC purchased a new position in Limbach Holdings, Inc. (NASDAQ:LMB) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 323,953 shares of the construction company’s stock, valued at approximately $24,944,381. Limbach comprises approximately 0.0% of Neumeier Poma Investment Counsel LLC’s holdings, making the stock its 29th biggest position. Neumeier Poma Investment Counsel LLC owned about 2.72% of Limbach as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Comerica Bank raised its stake in shares of Limbach by 24.0% in the 1st quarter. Comerica Bank now owns 862 shares of the construction company’s stock valued at $64,000 after acquiring an additional 167 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Limbach by 5.5% in the 1st quarter. AQR Capital Management LLC now owns 16,903 shares of the construction company’s stock valued at $1,259,000 after buying an additional 876 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Limbach by 4.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,059 shares of the construction company’s stock valued at $451,000 after buying an additional 241 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Limbach by 2.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 289,819 shares of the construction company’s stock valued at $21,583,000 after buying an additional 7,771 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new position in Limbach during the second quarter worth $421,000. 55.85% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Jay Sharp sold 4,871 shares of Limbach 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 completion of the transaction, the executive vice president directly owned 73,456 shares of the company’s stock, valued at $5,863,257.92. The trade was a 6.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 7.00% of the stock is owned by insiders.

Limbach Stock Down 0.1%

Shares of Limbach stock traded down $0.03 on Friday, reaching $41.70. 171,150 shares of the company were exchanged, compared to its average volume of 257,863. The company has a market capitalization of $497.48 million, a price-to-earnings ratio of 16.68 and a beta of 1.45. Limbach Holdings, Inc. has a one year low of $41.17 and a one year high of $123.00. 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 company has a 50-day moving average of $65.42 and a 200 day moving average of $77.20.

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Wall Street Zen downgraded shares of Limbach from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Stifel Nicolaus dropped their target price on shares of Limbach from $107.00 to $86.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Zacks Research lowered shares of Limbach from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. Weiss Ratings restated a “hold (c)” rating on shares of Limbach in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. lowered Limbach from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $60.00 to $50.00 in a report on Friday, August 21st. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $62.00.

About Limbach

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.