UBS Group AG Acquires 11,644 Shares of Limbach Holdings, Inc. $LMB

UBS Group AG boosted its holdings in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 23.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,874 shares of the construction company’s stock after purchasing an additional 11,644 shares during the period. UBS Group AG owned about 0.52% of Limbach worth $4,739,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new stake in Limbach during the third quarter worth $54,000. Comerica Bank lifted its stake in Limbach by 24.0% during the first quarter. Comerica Bank now owns 862 shares of the construction company’s stock worth $64,000 after purchasing an additional 167 shares during the last quarter. SG Americas Securities LLC lifted its stake in Limbach by 85.0% during the third quarter. SG Americas Securities LLC now owns 1,630 shares of the construction company’s stock worth $158,000 after purchasing an additional 749 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Limbach by 59.7% during the second quarter. BNP Paribas Financial Markets now owns 1,131 shares of the construction company’s stock worth $158,000 after purchasing an additional 423 shares during the last quarter. Finally, Man Group plc lifted its stake in Limbach by 49.7% during the third quarter. Man Group plc now owns 2,511 shares of the construction company’s stock worth $244,000 after purchasing an additional 834 shares during the last quarter. 55.85% of the stock is currently owned by institutional investors.

Limbach Stock Performance

NASDAQ LMB opened at $71.48 on Friday. The company has a market capitalization of $852.04 million, a price-to-earnings ratio of 25.99 and a beta of 1.54. Limbach Holdings, Inc. has a twelve month low of $65.08 and a twelve month high of $154.05. The stock has a fifty day simple moving average of $82.60 and a 200 day simple moving average of $81.74. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.26.

Limbach (NASDAQ:LMB) last posted its quarterly earnings data on Tuesday, May 5th. The construction company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.43. The business had revenue of $138.86 million during the quarter, compared to the consensus estimate of $134.23 million. Limbach had a return on equity of 26.17% and a net margin of 5.09%.Limbach’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.12 earnings per share. Sell-side analysts expect that Limbach Holdings, Inc. will post 4.98 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Jay Sharp sold 2,000 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $79.99, for a total value of $159,980.00. Following the completion of the sale, the executive vice president directly owned 79,027 shares in the company, valued at $6,321,369.73. This represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jayme L. Brooks sold 3,440 shares of the stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $100.00, for a total value of $344,000.00. Following the completion of the sale, the chief financial officer owned 125,227 shares of the company’s stock, valued at $12,522,700. The trade was a 2.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 27,433 shares of company stock valued at $2,345,453 over the last 90 days. 9.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LMB. Stifel Nicolaus lowered their price target on shares of Limbach from $111.00 to $104.00 and set a “buy” rating for the company in a report on Monday, January 26th. Weiss Ratings downgraded shares of Limbach from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. JPMorgan Chase & Co. lowered their price target on shares of Limbach from $100.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, March 26th. Finally, Wall Street Zen downgraded shares of Limbach from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $116.67.

Limbach Company Profile

Limbach Holdings, Inc (NASDAQ: LMB) is a U.S.-based mechanical construction firm specializing in the design, installation and maintenance of heating, ventilation and air conditioning (HVAC) systems, piping, plumbing and sheet metal fabrication. The company delivers comprehensive mechanical solutions to commercial, institutional, health care, education, government and industrial clients, drawing on its in-house engineering, prefabrication and construction management capabilities.

The company’s service offerings encompass full-scope mechanical construction, including energy system design, direct digital controls and building automation, retrofits, testing and balancing, preventive maintenance programs and emergency response services.