Limbach (NASDAQ:LMB) Shares Down 4.2%

Limbach Holdings, Inc. (NASDAQ:LMBGet Free Report) shares were down 4.2% during trading on Wednesday . The stock traded as low as $49.52 and last traded at $49.60. Approximately 84,119 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 160,486 shares. The stock had previously closed at $51.76.

Limbach Trading Up 1.9 %

The stock has a market capitalization of $545.82 million, a P/E ratio of 29.36, a price-to-earnings-growth ratio of 2.19 and a beta of 1.06. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $43.23 and a 200 day moving average price of $38.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC grew its stake in Limbach by 0.9% during the 4th quarter. SummerHaven Investment Management LLC now owns 28,453 shares of the construction company’s stock valued at $1,294,000 after purchasing an additional 252 shares during the last quarter. Panagora Asset Management Inc. grew its stake in Limbach by 1.4% during the 4th quarter. Panagora Asset Management Inc. now owns 23,436 shares of the construction company’s stock valued at $1,066,000 after purchasing an additional 320 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Limbach by 1.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 28,047 shares of the construction company’s stock valued at $890,000 after purchasing an additional 531 shares during the last quarter. Bridgeway Capital Management LLC grew its stake in Limbach by 3.5% during the 4th quarter. Bridgeway Capital Management LLC now owns 17,251 shares of the construction company’s stock valued at $784,000 after purchasing an additional 576 shares during the last quarter. Finally, BlackRock Inc. grew its stake in Limbach by 2.6% during the 1st quarter. BlackRock Inc. now owns 23,083 shares of the construction company’s stock valued at $399,000 after purchasing an additional 588 shares during the last quarter. 45.38% of the stock is currently owned by hedge funds and other institutional investors.

Limbach Company Profile

(Get Free Report)

Limbach Holdings, Inc operates as an integrated building systems solutions company in the United States. It operates in two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the design, prefabrication, installation, management, and maintenance of mechanical, electrical, plumbing, and control systems, as well as heating, ventilation, air-conditioning (HVAC) system.

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