New Jersey Better Educational Savings Trust Sells 25,000 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

New Jersey Better Educational Savings Trust reduced its stake in Limbach Holdings, Inc. (NASDAQ:LMB) by 73.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,900 shares of the construction company’s stock after selling 25,000 shares during the quarter. New Jersey Better Educational Savings Trust owned approximately 0.08% of Limbach worth $405,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Invesco Ltd. grew its position in shares of Limbach by 691.1% during 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. Trexquant Investment LP bought a new stake in Limbach in the 3rd quarter valued at about $1,229,000. Janney Montgomery Scott LLC purchased a new stake in Limbach during the third quarter valued at about $488,000. Lazard Asset Management LLC boosted its position in Limbach by 126.8% during the third quarter. Lazard Asset Management LLC now owns 9,812 shares of the construction company’s stock worth $311,000 after purchasing an additional 5,485 shares during the period. Finally, Knights of Columbus Asset Advisors LLC raised its position in shares of Limbach by 3.0% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 30,984 shares of the construction company’s stock valued at $983,000 after purchasing an additional 911 shares during the period. 55.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Limbach Price Performance

LMB stock traded up $0.36 during mid-day trading on Thursday, reaching $42.87. 228,009 shares of the company traded hands, compared to its average volume of 174,523. Limbach Holdings, Inc. has a 52-week low of $15.83 and a 52-week high of $52.96. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.50 and a quick ratio of 1.50. The company has a market capitalization of $477.14 million, a P/E ratio of 24.08, a P/E/G ratio of 1.87 and a beta of 1.02. The company has a fifty day moving average price of $43.64 and a 200-day moving average price of $40.24.

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

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.