Barrett Asset Management LLC acquired a new stake in Limbach Holdings, Inc. (NASDAQ:LMB – Get Rating) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 35,520 shares of the construction company's stock, valued at approximately $246,000. Barrett Asset Management LLC owned approximately 0.34% of Limbach at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of LMB. Royce & Associates LP grew its stake in Limbach by 8.4% during the 1st quarter. Royce & Associates LP now owns 1,060,724 shares of the construction company's stock worth $7,372,000 after purchasing an additional 82,102 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Limbach by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 431,681 shares of the construction company's stock worth $3,000,000 after purchasing an additional 16,924 shares in the last quarter. Brighton Jones LLC acquired a new position in Limbach during the 1st quarter worth $82,000. Finally, Victory Capital Management Inc. grew its stake in Limbach by 33.4% during the 1st quarter. Victory Capital Management Inc. now owns 240,664 shares of the construction company's stock worth $1,673,000 after purchasing an additional 60,224 shares in the last quarter. 36.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Limbach in a research note on Saturday. They set a "hold" rating for the company.

Limbach Trading Up 1.2 %

Limbach (NASDAQ:LMB – Get Rating) last announced its quarterly earnings results on Tuesday, August 9th. The construction company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.05). The business had revenue of $116.12 million for the quarter, compared to analysts' expectations of $131.00 million. Limbach had a return on equity of 11.88% and a net margin of 1.56%. Sell-side analysts expect that Limbach Holdings, Inc. will post 0.84 earnings per share for the current fiscal year.

Limbach Profile

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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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