Limbach Holdings, Inc. (NASDAQ:LMB) Shares Sold by New Jersey Better Educational Savings Trust

New Jersey Better Educational Savings Trust lowered its holdings in Limbach Holdings, Inc. (NASDAQ:LMB) by 73.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,900 shares of the construction company’s stock after selling 25,000 shares during the period. New Jersey Better Educational Savings Trust’s holdings in Limbach were worth $405,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bank of New York Mellon Corp grew its stake in shares of Limbach by 1.9% in the third quarter. Bank of New York Mellon Corp now owns 28,047 shares of the construction company’s stock worth $890,000 after acquiring an additional 531 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in Limbach in the 4th quarter valued at about $38,000. Knights of Columbus Asset Advisors LLC increased its stake in shares of Limbach by 3.0% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 30,984 shares of the construction company’s stock worth $983,000 after buying an additional 911 shares during the period. Brighton Jones LLC raised its holdings in Limbach by 11.9% in the third quarter. Brighton Jones LLC now owns 13,163 shares of the construction company’s stock valued at $418,000 after acquiring an additional 1,398 shares in the last quarter. Finally, Strs Ohio lifted its stake in Limbach by 18.9% in the fourth quarter. Strs Ohio now owns 11,300 shares of the construction company’s stock worth $513,000 after acquiring an additional 1,800 shares during the last quarter. Institutional investors and hedge funds own 55.85% of the company’s stock.

Analysts Set New Price Targets

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

Limbach Stock Up 0.8 %

Shares of NASDAQ:LMB traded up $0.36 on Thursday, hitting $42.87. 228,009 shares of the company’s stock were exchanged, compared to its average volume of 174,523. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.50 and a current ratio of 1.50. Limbach Holdings, Inc. has a 1-year low of $15.83 and a 1-year high of $52.96. The company has a market capitalization of $477.14 million, a PE ratio of 24.08, a P/E/G ratio of 1.87 and a beta of 1.02. The firm’s 50-day moving average is $43.64 and its 200 day moving average is $40.24.

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. Limbach had a net margin of 4.02% and a return on equity of 18.87%. The company had revenue of $142.69 million for the quarter, compared to analysts’ expectations of $131.25 million. Sell-side analysts predict that Limbach Holdings, Inc. will post 1.88 EPS for the current year.

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.