Universal Beteiligungs und Servicegesellschaft mbH Acquires New Holdings 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) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 19,320 shares of the construction company's stock, valued at approximately $1,439,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.17% of Limbach as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Sei Investments Co. boosted its position in shares of Limbach by 585.9% in the fourth quarter. Sei Investments Co. now owns 27,292 shares of the construction company's stock valued at $2,335,000 after acquiring an additional 23,313 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Limbach in the fourth quarter worth about $154,000. LPL Financial LLC increased its holdings in shares of Limbach by 11.6% during the fourth quarter. LPL Financial LLC now owns 6,197 shares of the construction company's stock worth $530,000 after buying an additional 644 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Limbach by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 604,397 shares of the construction company's stock worth $51,700,000 after buying an additional 3,001 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Limbach by 698.7% during the fourth quarter. JPMorgan Chase & Co. now owns 41,483 shares of the construction company's stock valued at $3,548,000 after purchasing an additional 36,289 shares during the last quarter. 55.85% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Limbach

In other Limbach news, insider Jay Sharp sold 2,000 shares of the company's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $137.49, for a total value of $274,980.00. Following the completion of the transaction, the insider directly owned 69,877 shares in the company, valued at approximately $9,607,388.73. This represents a 2.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 10.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on LMB shares. Wall Street Zen raised shares of Limbach from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Stifel Nicolaus raised their price objective on shares of Limbach from $151.00 to $163.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Lake Street Capital raised their price objective on shares of Limbach from $125.00 to $156.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Finally, Roth Capital reissued a "buy" rating on shares of Limbach in a research report on Wednesday, May 7th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $133.00.

Limbach Stock Performance

Shares of Limbach stock traded down $1.99 during trading on Monday, hitting $131.50. 70,246 shares of the stock were exchanged, compared to its average volume of 218,230. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 47.13, a price-to-earnings-growth ratio of 2.54 and a beta of 1.22. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average price of $137.60 and a 200-day moving average price of $107.38. Limbach Holdings, Inc. has a 1-year low of $48.17 and a 1-year high of $154.05.

Limbach (NASDAQ:LMB - Get Free Report) last posted 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 firm had revenue of $133.11 million during the quarter, compared to the consensus estimate of $121.06 million. Limbach had a net margin of 6.29% and a return on equity of 27.66%. The business's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 EPS. As a group, equities analysts predict that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Limbach 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.