Limbach (NASDAQ:LMB) Announces Quarterly Earnings Results

Limbach (NASDAQ:LMB) posted its earnings results on Tuesday. The construction company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.04), Zacks reports. Limbach had a return on equity of 29.38% and a net margin of 6.38%.The firm’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same quarter last year, the business earned $0.62 earnings per share. Limbach updated its FY 2025 guidance to EPS.

Limbach Stock Down 2.8%

Shares of LMB stock traded down $2.65 during trading on Tuesday, reaching $90.80. The company’s stock had a trading volume of 171,506 shares, compared to its average volume of 217,766. The business has a fifty day moving average price of $99.38 and a 200-day moving average price of $116.97. 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 company has a market cap of $1.06 billion, a price-to-earnings ratio of 30.99 and a beta of 1.42. Limbach has a one year low of $63.02 and a one year high of $154.05.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on LMB shares. Wall Street Zen upgraded shares of Limbach from a “buy” rating to a “strong-buy” rating in a report on Friday, September 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Limbach in a report on Wednesday, October 8th. Finally, Stifel Nicolaus cut their target price on shares of Limbach from $146.00 to $132.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $144.00.

Hedge Funds Weigh In On Limbach

Institutional investors have recently added to or reduced their stakes in the company. Makaira Partners LLC acquired a new position in shares of Limbach in the second quarter valued at $7,319,000. Ameriprise Financial Inc. acquired a new position in shares of Limbach in the second quarter valued at $2,824,000. Tower Research Capital LLC TRC increased its holdings in shares of Limbach by 51.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,397 shares of the construction company’s stock valued at $336,000 after purchasing an additional 812 shares during the last quarter. Ewing Morris & Co. Investment Partners Ltd. acquired a new position in shares of Limbach in the second quarter valued at $448,000. Finally, Wasatch Advisors LP increased its holdings in shares of Limbach by 59.2% in the second quarter. Wasatch Advisors LP now owns 638,879 shares of the construction company’s stock valued at $89,507,000 after purchasing an additional 237,475 shares during the last quarter. 55.85% of the stock is currently owned by institutional investors and hedge funds.

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.