8,487 Shares in Limbach Holdings, Inc. (NASDAQ:LMB) Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,487 shares of the construction company's stock, valued at approximately $643,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.08% of Limbach 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 LMB. FMR LLC lifted its position in shares of Limbach by 21.7% in the third quarter. FMR LLC now owns 40,543 shares of the construction company's stock valued at $3,072,000 after buying an additional 7,239 shares during the last quarter. American Century Companies Inc. raised its stake in Limbach by 6.0% in the 2nd quarter. American Century Companies Inc. now owns 208,223 shares of the construction company's stock valued at $11,854,000 after acquiring an additional 11,782 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Limbach during the 3rd quarter valued at $568,000. Allspring Global Investments Holdings LLC boosted its position in Limbach by 34.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 83,385 shares of the construction company's stock worth $6,317,000 after purchasing an additional 21,346 shares during the period. Finally, Thrivent Financial for Lutherans acquired a new position in shares of Limbach in the second quarter valued at $2,653,000. 55.85% of the stock is owned by institutional investors.

Insider Activity

In related news, Director David Richard Gaboury acquired 531 shares of the firm's stock in a transaction that occurred on Tuesday, December 10th. The stock was acquired at an average cost of $94.51 per share, for a total transaction of $50,184.81. Following the completion of the acquisition, the director now directly owns 2,071 shares of the company's stock, valued at approximately $195,730.21. This trade represents a 34.48 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 10.20% of the company's stock.

Limbach Price Performance

NASDAQ LMB traded up $1.06 on Friday, hitting $89.76. 237,442 shares of the company's stock were exchanged, compared to its average volume of 158,926. The stock has a 50-day moving average of $90.36 and a 200-day moving average of $72.95. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 40.80, a P/E/G ratio of 3.18 and a beta of 1.09. Limbach Holdings, Inc. has a 52 week low of $35.24 and a 52 week high of $107.00. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14.

Limbach (NASDAQ:LMB - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The construction company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.05. The company had revenue of $133.90 million for the quarter, compared to the consensus estimate of $129.50 million. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The firm's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $0.61 EPS. Analysts expect that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. StockNews.com cut Limbach from a "buy" rating to a "hold" rating in a report on Thursday, November 14th. Roth Mkm boosted their price target on Limbach from $67.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Finally, Stifel Nicolaus increased their price objective on Limbach from $108.00 to $110.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th.

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.