Intech Investment Management LLC Sells 2,575 Shares of Limbach Holdings, Inc. $LMB

Intech Investment Management LLC trimmed its stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 32.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 5,461 shares of the construction company’s stock after selling 2,575 shares during the quarter. Intech Investment Management LLC’s holdings in Limbach were worth $765,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Limbach by 4.9% in the first quarter. Vanguard Group Inc. now owns 634,082 shares of the construction company’s stock valued at $47,220,000 after purchasing an additional 29,685 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Limbach by 2.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 289,819 shares of the construction company’s stock valued at $21,583,000 after buying an additional 7,771 shares during the period. Geode Capital Management LLC raised its position in shares of Limbach by 6.6% in the 2nd quarter. Geode Capital Management LLC now owns 269,271 shares of the construction company’s stock valued at $37,730,000 after buying an additional 16,579 shares in the last quarter. Next Century Growth Investors LLC raised its position in shares of Limbach by 18.0% in the 1st quarter. Next Century Growth Investors LLC now owns 184,426 shares of the construction company’s stock valued at $13,734,000 after buying an additional 28,076 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Limbach by 13.1% during the 2nd quarter. Bessemer Group Inc. now owns 177,820 shares of the construction company’s stock worth $24,912,000 after acquiring an additional 20,625 shares during the period. 55.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LMB. Stifel Nicolaus lowered their price objective on shares of Limbach from $146.00 to $132.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Weiss Ratings lowered Limbach from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, November 21st. Zacks Research downgraded Limbach from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Finally, Wall Street Zen lowered Limbach from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $144.00.

Limbach Trading Up 3.2%

Shares of LMB stock opened at $71.28 on Thursday. The firm has a market capitalization of $828.77 million, a P/E ratio of 24.33 and a beta of 1.36. Limbach Holdings, Inc. has a twelve month low of $63.02 and a twelve month high of $154.05. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.17. The stock’s fifty day simple moving average is $87.84 and its 200 day simple moving average is $113.76.

Limbach (NASDAQ:LMB) last issued its earnings results on Tuesday, November 4th. The construction company reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.04). The firm had revenue of $184.58 million during the quarter, compared to analyst estimates of $184.48 million. Limbach had a return on equity of 29.38% and a net margin of 6.38%.Limbach’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 EPS. Limbach has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

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.