Saturna Capital Corp Sells 10,719 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

Saturna Capital Corp trimmed its stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 53.9% in the third quarter, according to the company in its most recent Form 13F filing 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 owned about 0.08% of Limbach worth $694,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its position in shares of Limbach by 20.1% in the first quarter. BNP Paribas Financial Markets now owns 8,411 shares of the construction company’s stock valued at $348,000 after acquiring an additional 1,406 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Limbach by 8.7% in the first quarter. Janney Montgomery Scott LLC now owns 19,697 shares of the construction company’s stock valued at $816,000 after acquiring an additional 1,574 shares during the period. Empowered Funds LLC boosted its position in shares of Limbach by 7.3% in the first quarter. Empowered Funds LLC now owns 7,676 shares of the construction company’s stock valued at $318,000 after acquiring an additional 525 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Limbach by 368.5% in the first quarter. Russell Investments Group Ltd. now owns 71,878 shares of the construction company’s stock valued at $2,977,000 after acquiring an additional 56,535 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Limbach by 6.0% in the first quarter. Vanguard Group Inc. now owns 566,501 shares of the construction company’s stock valued at $23,464,000 after acquiring an additional 32,030 shares during the period. 55.85% of the stock is owned by institutional investors.

Limbach Stock Up 0.4 %

LMB stock opened at $93.75 on Wednesday. The company has a market cap of $1.06 billion, a PE ratio of 42.44, a price-to-earnings-growth ratio of 3.05 and a beta of 0.97. The business has a 50-day simple moving average of $77.65 and a 200 day simple moving average of $64.28. Limbach Holdings, Inc. has a 52 week low of $34.55 and a 52 week high of $98.36. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. StockNews.com raised Limbach from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Roth Mkm boosted their price target on Limbach from $67.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, November 4th.

Insiders Place Their Bets

In other Limbach news, Director Joshua Horowitz sold 8,800 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $59.14, for a total transaction of $520,432.00. Following the completion of the transaction, the director now owns 223,272 shares of the company’s stock, valued at approximately $13,204,306.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 28,072 shares of company stock valued at $1,708,781. 10.20% of the stock is currently owned by corporate insiders.

Limbach 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.