UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 6,871 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 81.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,358 shares of the construction company's stock after buying an additional 6,871 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.14% of Limbach worth $1,314,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC grew its position in Limbach by 36.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 11,563 shares of the construction company's stock worth $989,000 after acquiring an additional 3,075 shares in the last quarter. Rhumbline Advisers raised its holdings in Limbach by 1.8% during the fourth quarter. Rhumbline Advisers now owns 14,065 shares of the construction company's stock valued at $1,203,000 after buying an additional 255 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Limbach by 11.1% in the fourth quarter. Principal Financial Group Inc. now owns 12,910 shares of the construction company's stock worth $1,104,000 after buying an additional 1,294 shares during the last quarter. Navellier & Associates Inc. boosted its stake in shares of Limbach by 93.1% during the 4th quarter. Navellier & Associates Inc. now owns 18,760 shares of the construction company's stock worth $1,605,000 after acquiring an additional 9,045 shares in the last quarter. Finally, IFP Advisors Inc acquired a new position in Limbach during the fourth quarter valued at approximately $37,000. 55.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Joshua Horowitz sold 25,400 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $75.43, for a total transaction of $1,915,922.00. Following the completion of the sale, the director now owns 164,600 shares of the company's stock, valued at $12,415,778. This represents a 13.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 9.70% of the company's stock.

Limbach Stock Performance

LMB stock traded up $2.23 during trading on Thursday, reaching $141.84. 114,208 shares of the stock were exchanged, compared to its average volume of 179,676. Limbach Holdings, Inc. has a twelve month low of $48.17 and a twelve month high of $142.06. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $1.65 billion, a P/E ratio of 64.47, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The stock has a 50 day simple moving average of $108.65 and a 200-day simple moving average of $95.69.

Limbach (NASDAQ:LMB - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The construction company reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.82. The company had revenue of $133.11 million during the quarter, compared to analysts' expectations of $121.06 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The business's revenue was up 11.9% on a year-over-year basis. During the same period last year, the business earned $0.69 earnings per share. As a group, sell-side analysts anticipate that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

LMB has been the topic of several recent analyst reports. Stifel Nicolaus lifted their target price on shares of Limbach from $130.00 to $141.00 and gave the stock a "buy" rating in a report on Monday, June 2nd. Roth Capital reaffirmed a "buy" rating on shares of Limbach in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $115.33.

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.