Expect Equity LLC Takes Position in Limbach Holdings, Inc. $LMB

Expect Equity LLC bought a new position in Limbach Holdings, Inc. (NASDAQ:LMB) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 34,587 shares of the construction company’s stock, valued at approximately $2,663,000. Limbach comprises approximately 1.7% of Expect Equity LLC’s holdings, making the stock its 23rd biggest holding. Expect Equity LLC owned 0.29% of Limbach as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of LMB. Caitong International Asset Management Co. Ltd raised its stake in shares of Limbach by 23.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 687 shares of the construction company’s stock worth $53,000 after acquiring an additional 130 shares in the last quarter. Comerica Bank grew its holdings in shares of Limbach by 24.0% during the 1st quarter. Comerica Bank now owns 862 shares of the construction company’s stock valued at $64,000 after purchasing an additional 167 shares during the last quarter. Caxton Associates LLP raised its position in Limbach by 4.9% in the 3rd quarter. Caxton Associates LLP now owns 3,624 shares of the construction company’s stock worth $352,000 after purchasing an additional 168 shares during the period. The Manufacturers Life Insurance Company raised its position in Limbach by 5.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,835 shares of the construction company’s stock worth $537,000 after purchasing an additional 204 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Limbach by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,059 shares of the construction company’s stock worth $451,000 after purchasing an additional 241 shares during the last quarter. 55.85% of the stock is currently owned by institutional investors.

Limbach Price Performance

Shares of Limbach stock opened at $41.91 on Wednesday. The firm has a market cap of $499.99 million, a PE ratio of 16.76 and a beta of 1.45. Limbach Holdings, Inc. has a 12-month low of $41.59 and a 12-month high of $128.57. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.18. The company’s fifty day simple moving average is $66.95 and its two-hundred day simple moving average is $77.81.

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

Analyst Upgrades and Downgrades

LMB has been the subject of several analyst reports. Royal Bank Of Canada set a $50.00 price target on shares of Limbach in a research report on Friday. Zacks Research lowered Limbach from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. Wall Street Zen cut Limbach from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. JPMorgan Chase & Co. lowered Limbach from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $60.00 to $50.00 in a research report on Friday, August 21st. Finally, Stifel Nicolaus decreased their price target on Limbach from $107.00 to $86.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. One equities research 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.com, the stock has a consensus rating of “Reduce” and an average price target of $62.00.

Insider Transactions at Limbach

In other Limbach news, EVP Jay Sharp sold 4,871 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $5,863,257.92. This represents a 6.22% decrease in their position. The transaction 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 currently owned by corporate insiders.

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.