Saturna Capital Corp Has $694,000 Position in Limbach Holdings, Inc. (NASDAQ:LMB)

Saturna Capital Corp lowered its position in Limbach Holdings, Inc. (NASDAQ:LMB) by 53.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,165 shares of the construction company’s stock after selling 10,719 shares during the quarter. Saturna Capital Corp’s holdings in Limbach were worth $694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. increased its stake in shares of Limbach by 6.3% in the third quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company’s stock valued at $207,000 after buying an additional 162 shares during the period. SummerHaven Investment Management LLC increased its stake in shares of Limbach by 0.9% in the second quarter. SummerHaven Investment Management LLC now owns 28,963 shares of the construction company’s stock valued at $1,649,000 after buying an additional 261 shares during the period. Meeder Asset Management Inc. increased its stake in shares of Limbach by 7.7% in the second quarter. Meeder Asset Management Inc. now owns 4,072 shares of the construction company’s stock valued at $232,000 after buying an additional 292 shares during the period. American Capital Advisory LLC acquired a new position in shares of Limbach in the third quarter valued at approximately $25,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Limbach by 8.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,199 shares of the construction company’s stock valued at $257,000 after buying an additional 483 shares during the period. Institutional investors and hedge funds own 55.85% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on LMB shares. Roth Mkm upped their target price on Limbach from $67.00 to $80.00 and gave the company a “buy” rating in a report on Monday, November 4th. StockNews.com upgraded Limbach from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th.

Insiders Place Their Bets

In related news, Director Joshua Horowitz sold 5,000 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $64.02, for a total value of $320,100.00. Following the transaction, the director now directly owns 190,000 shares in the company, valued at $12,163,800. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have sold 28,072 shares of company stock worth $1,708,781. Corporate insiders own 10.20% of the company’s stock.

Limbach Stock Performance

Shares of LMB stock opened at $93.75 on Wednesday. The business’s 50 day simple moving average is $77.65 and its 200 day simple moving average is $64.28. Limbach Holdings, Inc. has a one year low of $34.55 and a one year high of $98.36. The stock has a market capitalization of $1.06 billion, a PE ratio of 42.44, a PEG ratio of 3.05 and a beta of 0.97. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57.

Limbach (NASDAQ:LMB) last posted its quarterly earnings results on Tuesday, November 5th. The construction company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. The firm had revenue of $133.90 million for the quarter, compared to analysts’ expectations of $129.50 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 EPS. As a group, research analysts forecast that Limbach Holdings, Inc. will post 2.58 earnings per share for the current year.

Limbach Company 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.