Universal Beteiligungs und Servicegesellschaft mbH Takes $1.44 Million Position in Limbach Holdings, Inc. (NASDAQ:LMB)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested $1.44 million in Limbach Holdings, acquiring approximately 19,320 shares, which constitutes about 0.17% of the company.
• Limbach reported a quarterly earnings per share (EPS) of $1.12, significantly exceeding analysts' expectations of $0.30, with revenues of $133.11 million for the quarter.
• Multiple analysts have upgraded Limbach's rating, with Lake Street Capital raising their price target from $125 to $156, reflecting growing confidence in the company’s performance.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 19,320 shares of the construction company's stock, valued at approximately $1,439,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.17% of Limbach at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Versant Capital Management Inc lifted its position in shares of Limbach by 592.6% during the 1st quarter. Versant Capital Management Inc now owns 374 shares of the construction company's stock worth $28,000 after buying an additional 320 shares during the last quarter. Legacy Advisors LLC acquired a new stake in Limbach during the 1st quarter worth $30,000. Comerica Bank grew its position in Limbach by 727.4% during the 4th quarter. Comerica Bank now owns 695 shares of the construction company's stock worth $59,000 after purchasing an additional 611 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Limbach in the fourth quarter valued at $154,000. Finally, FAS Wealth Partners Inc. purchased a new stake in shares of Limbach in the first quarter valued at about $216,000. 55.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Limbach

In related news, insider Jay Sharp sold 2,000 shares of Limbach stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $137.49, for a total transaction of $274,980.00. Following the completion of the sale, the insider directly owned 69,877 shares of the company's stock, valued at approximately $9,607,388.73. This trade represents a 2.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LMB shares. Stifel Nicolaus lifted their price target on Limbach from $151.00 to $163.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Roth Capital restated a "buy" rating on shares of Limbach in a research report on Wednesday, May 7th. Wall Street Zen upgraded shares of Limbach from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Finally, Lake Street Capital lifted their price objective on Limbach from $125.00 to $156.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $133.00.

Limbach Trading Down 2.6%

NASDAQ:LMB traded down $3.52 on Friday, hitting $133.48. 186,170 shares of the stock were exchanged, compared to its average volume of 199,723. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.55 and a current ratio of 1.55. Limbach Holdings, Inc. has a 52 week low of $48.17 and a 52 week high of $154.05. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 47.84, a P/E/G ratio of 2.60 and a beta of 1.22. The company's 50-day moving average price is $137.60 and its 200 day moving average price is $107.20.

Limbach (NASDAQ:LMB - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The construction company reported $1.12 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.82. The company had revenue of $133.11 million for the quarter, compared to analyst estimates of $121.06 million. Limbach had a return on equity of 27.66% and a net margin of 6.29%. Limbach's revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.69 earnings per share. On average, equities research analysts forecast that Limbach Holdings, Inc. will post 2.54 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.