Limbach Holdings, Inc. (NASDAQ:LMB) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Limbach Holdings, Inc. (NASDAQ:LMB) have received a consensus recommendation of “Hold” from the five brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $144.00.

Several brokerages have recently issued reports on LMB. Wall Street Zen downgraded Limbach from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Zacks Research downgraded Limbach from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Weiss Ratings lowered Limbach from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, November 21st. Finally, Stifel Nicolaus decreased their price target on Limbach from $146.00 to $132.00 and set a “buy” rating for the company in a research note on Monday, October 13th.

Limbach Stock Up 3.2%

Limbach stock opened at $71.28 on Friday. 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 one year low of $63.02 and a one year high of $154.05. The company has a 50-day simple moving average of $87.84 and a 200-day simple moving average of $113.76. The firm has a market capitalization of $828.77 million, a P/E ratio of 24.33 and a beta of 1.36.

Limbach (NASDAQ:LMB) last posted 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). Limbach had a net margin of 6.38% and a return on equity of 29.38%. The firm had revenue of $184.58 million for the quarter, compared to analyst estimates of $184.48 million. During the same period in the previous year, the firm earned $0.62 earnings per share. The company’s revenue for the quarter was up 37.8% on a year-over-year basis. Limbach has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Limbach will post 2.54 earnings per share for the current year.

Hedge Funds Weigh In On Limbach

Several large investors have recently bought and sold shares of LMB. Thrivent Financial for Lutherans lifted its stake in shares of Limbach by 353.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 735,121 shares of the construction company’s stock worth $71,395,000 after acquiring an additional 573,136 shares during the period. Invesco Ltd. increased its stake in shares of Limbach by 2,041.6% during the second quarter. Invesco Ltd. now owns 400,603 shares of the construction company’s stock valued at $56,124,000 after acquiring an additional 381,897 shares during the period. First Trust Advisors LP raised its holdings in Limbach by 1,192.1% during the second quarter. First Trust Advisors LP now owns 411,180 shares of the construction company’s stock worth $57,606,000 after purchasing an additional 379,357 shares in the last quarter. Wasatch Advisors LP lifted its position in Limbach by 59.2% in the second quarter. Wasatch Advisors LP now owns 638,879 shares of the construction company’s stock worth $89,507,000 after purchasing an additional 237,475 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new stake in Limbach in the first quarter worth approximately $9,693,000. Institutional investors and hedge funds own 55.85% of the company’s stock.

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.