Limbach (NASDAQ:LMB) Trading Up 5.9%

Limbach Holdings, Inc. (NASDAQ:LMB) was up 5.9% on Friday . The stock traded as high as $50.50 and last traded at $50.47. Approximately 32,534 shares were traded during trading, a decline of 81% from the average daily volume of 174,700 shares. The stock had previously closed at $47.67.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Limbach from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 13th.

Limbach Stock Up 7.8 %

The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.16. The firm’s 50 day simple moving average is $43.91 and its 200-day simple moving average is $41.41. The stock has a market capitalization of $579.06 million, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 2.01 and a beta of 0.97.

Limbach (NASDAQ:LMB) last released its quarterly earnings data on Wednesday, March 13th. The construction company reported $0.44 earnings per share for the quarter. The company had revenue of $142.69 million for the quarter, compared to analyst estimates of $131.25 million. Limbach had a net margin of 4.02% and a return on equity of 18.87%. Equities analysts expect that Limbach Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.

Institutional Trading of Limbach

Institutional investors and hedge funds have recently made changes to their positions in the company. Invesco Ltd. increased its position in Limbach by 691.1% in the 3rd quarter. Invesco Ltd. now owns 308,853 shares of the construction company’s stock valued at $9,800,000 after acquiring an additional 269,814 shares during the period. Acadian Asset Management LLC increased its position in shares of Limbach by 39.1% during the third quarter. Acadian Asset Management LLC now owns 316,871 shares of the construction company’s stock worth $10,049,000 after buying an additional 89,068 shares during the period. Russell Investments Group Ltd. lifted its stake 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 buying an additional 56,535 shares in the last quarter. Trexquant Investment LP bought a new position in shares of Limbach in the third quarter valued at $1,229,000. Finally, Vanguard Group Inc. lifted its position in shares of Limbach by 6.0% during the first quarter. Vanguard Group Inc. now owns 566,501 shares of the construction company’s stock valued at $23,464,000 after purchasing an additional 32,030 shares in the last quarter. Institutional investors own 55.85% of the company’s stock.

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.