UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Position in Limbach Holdings, Inc. (NASDAQ:LMB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 81.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 approximately 0.14% of Limbach worth $1,314,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Teacher Retirement System of Texas increased its holdings in shares of Limbach by 5.2% in the 4th quarter. Teacher Retirement System of Texas now owns 3,453 shares of the construction company's stock valued at $295,000 after acquiring an additional 172 shares during the period. Swiss National Bank lifted its stake in shares of Limbach by 1.0% during the 4th quarter. Swiss National Bank now owns 19,900 shares of the construction company's stock worth $1,702,000 after purchasing an additional 200 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Limbach by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,818 shares of the construction company's stock valued at $498,000 after purchasing an additional 231 shares in the last quarter. Rhumbline Advisers grew its stake in Limbach by 1.8% in the fourth quarter. Rhumbline Advisers now owns 14,065 shares of the construction company's stock valued at $1,203,000 after purchasing an additional 255 shares during the last quarter. Finally, IFP Advisors Inc bought a new position in Limbach in the fourth quarter worth about $37,000. Institutional investors own 55.85% of the company's stock.

Limbach Trading Up 0.8%

Limbach stock opened at $135.23 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market cap of $1.57 billion, a PE ratio of 61.47, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The stock has a 50-day moving average of $104.78 and a two-hundred day moving average of $94.86. Limbach Holdings, Inc. has a one year low of $48.17 and a one year high of $137.05.

Limbach (NASDAQ:LMB - Get Free Report) last released its earnings results on Monday, May 5th. The construction company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.82. The company had revenue of $133.11 million for the quarter, compared to the consensus estimate of $121.06 million. Limbach had a net margin of 5.08% and a return on equity of 20.16%. Limbach's revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 EPS. On average, research analysts anticipate that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of analysts have recently weighed in on LMB shares. Roth Capital restated a "buy" rating on shares of Limbach in a report on Wednesday, May 7th. Stifel Nicolaus increased their target price on shares of Limbach from $130.00 to $141.00 and gave the company a "buy" rating in a research report on Monday, June 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $115.33.

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.

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