Neumeier Poma Investment Counsel LLC Sells 70,200 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

Neumeier Poma Investment Counsel LLC trimmed its stake in Limbach Holdings, Inc. (NASDAQ:LMB) by 13.2% during the fourth quarter, Holdings Channel reports. The fund owned 461,825 shares of the construction company’s stock after selling 70,200 shares during the quarter. Limbach accounts for 3.8% of Neumeier Poma Investment Counsel LLC’s holdings, making the stock its 5th largest position. Neumeier Poma Investment Counsel LLC’s holdings in Limbach were worth $39,505,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Limbach by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 604,397 shares of the construction company’s stock worth $51,700,000 after acquiring an additional 3,001 shares during the period. LPL Financial LLC grew its position in shares of Limbach by 11.6% in the fourth quarter. LPL Financial LLC now owns 6,197 shares of the construction company’s stock valued at $530,000 after purchasing an additional 644 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Limbach in the fourth quarter worth about $154,000. Sei Investments Co. increased its stake in shares of Limbach by 585.9% in the fourth quarter. Sei Investments Co. now owns 27,292 shares of the construction company’s stock worth $2,335,000 after purchasing an additional 23,313 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Limbach during the 4th quarter worth about $1,045,000. 55.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Limbach

In related news, Director Joshua Horowitz sold 25,400 shares of the 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 transaction, the director now owns 164,600 shares of the company’s stock, valued at $12,415,778. This represents a 13.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.20% of the stock is currently owned by corporate insiders.

Limbach Stock Down 0.8 %

NASDAQ LMB opened at $81.29 on Thursday. Limbach Holdings, Inc. has a twelve month low of $38.03 and a twelve month high of $107.00. The stock has a market cap of $922.89 million, a PE ratio of 36.95, a PEG ratio of 2.22 and a beta of 1.18. The firm has a 50-day simple moving average of $86.79 and a 200 day simple moving average of $86.57. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57.

Limbach (NASDAQ:LMB) last posted its quarterly earnings results on Monday, March 10th. The construction company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.84 by $0.31. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The firm had revenue of $143.70 million during the quarter, compared to analysts’ expectations of $149.37 million. During the same quarter in the prior year, the firm posted $0.68 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, research analysts forecast that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on LMB. Lake Street Capital raised their target price on Limbach from $100.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Stifel Nicolaus set a $103.00 price objective on shares of Limbach in a research note on Wednesday, March 12th.

About Limbach

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.