Limbach Holdings, Inc. (NASDAQ:LMB) Receives Average Rating of “Buy” from Brokerages

Limbach Holdings, Inc. (NASDAQ:LMB) has earned a consensus recommendation of “Buy” from the five analysts that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have issued a report on the stock in the last year is $122.6667.

LMB has been the subject of a number of recent research reports. Lake Street Capital increased their target price on Limbach from $125.00 to $156.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Wall Street Zen raised Limbach from a “buy” rating to a “strong-buy” rating in a report on Friday, September 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Limbach in a report on Wednesday, October 8th. Finally, Stifel Nicolaus reduced their price target on Limbach from $146.00 to $132.00 and set a “buy” rating for the company in a report on Monday, October 13th.

Limbach Price Performance

LMB stock opened at $99.18 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.69 and a current ratio of 1.69. Limbach has a 1 year low of $63.02 and a 1 year high of $154.05. The firm has a market cap of $1.15 billion, a P/E ratio of 33.85 and a beta of 1.42. The stock has a 50-day simple moving average of $102.30 and a 200-day simple moving average of $116.21.

Limbach (NASDAQ:LMB) last posted its earnings results on Tuesday, August 5th. The construction company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.12. Limbach had a return on equity of 29.38% and a net margin of 6.38%.The business had revenue of $142.24 million during the quarter, compared to analyst estimates of $144.21 million. During the same quarter last year, the firm earned $0.73 earnings per share. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. Limbach has set its FY 2025 guidance at EPS. On average, equities analysts predict that Limbach will post 2.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its holdings in Limbach by 10.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 33,009 shares of the construction company’s stock valued at $2,483,000 after purchasing an additional 3,034 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Limbach by 7.5% in the first quarter. Principal Financial Group Inc. now owns 13,873 shares of the construction company’s stock valued at $1,033,000 after purchasing an additional 963 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in Limbach by 259.3% in the first quarter. Teacher Retirement System of Texas now owns 12,408 shares of the construction company’s stock valued at $924,000 after purchasing an additional 8,955 shares during the last quarter. Northern Trust Corp boosted its holdings in Limbach by 81.7% in the first quarter. Northern Trust Corp now owns 166,716 shares of the construction company’s stock valued at $12,415,000 after purchasing an additional 74,986 shares during the last quarter. Finally, FAS Wealth Partners Inc. bought a new position in Limbach during the 1st quarter worth approximately $216,000. Hedge funds and other institutional investors own 55.85% of the company’s stock.

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.