36,693 Shares in Limbach Holdings, Inc. $LMB Purchased by Nuveen LLC

Nuveen LLC bought a new position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 36,693 shares of the construction company’s stock, valued at approximately $2,733,000. Nuveen LLC owned approximately 0.32% of Limbach as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Versant Capital Management Inc grew its stake in Limbach by 592.6% in the 1st quarter. Versant Capital Management Inc now owns 374 shares of the construction company’s stock worth $28,000 after buying an additional 320 shares in the last quarter. Legacy Advisors LLC purchased a new position in shares of Limbach in the 1st quarter worth about $30,000. Comerica Bank boosted its holdings in shares of Limbach by 727.4% in the 4th quarter. Comerica Bank now owns 695 shares of the construction company’s stock worth $59,000 after purchasing an additional 611 shares in the last quarter. FAS Wealth Partners Inc. purchased a new position in shares of Limbach in the 1st quarter worth about $216,000. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Limbach in the 4th quarter worth about $223,000. Hedge funds and other institutional investors own 55.85% of the company’s stock.

Limbach Trading Down 2.0%

NASDAQ:LMB opened at $123.37 on Friday. The company has a fifty day moving average of $131.27 and a 200 day moving average of $109.99. Limbach Holdings, Inc. has a 52 week low of $59.59 and a 52 week 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 firm has a market capitalization of $1.43 billion, a P/E ratio of 42.11, a P/E/G ratio of 2.37 and a beta of 1.22.

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

Insider Buying and Selling

In other Limbach news, insider Jay Sharp sold 2,000 shares of the company’s stock in a transaction on Friday, June 13th. The shares were sold at an average price of $137.49, for a total value of $274,980.00. Following the completion of the transaction, the insider directly owned 69,877 shares in the company, valued at approximately $9,607,388.73. This represents a 2.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.70% of the stock is owned by insiders.

Analyst Ratings Changes

LMB has been the subject of a number of research reports. Stifel Nicolaus set a $146.00 price objective on Limbach in a report on Wednesday, August 6th. Roth Capital reaffirmed a “buy” rating on shares of Limbach in a research note on Wednesday, May 7th. Lake Street Capital upped their price objective on shares of Limbach from $125.00 to $156.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Finally, Wall Street Zen cut shares of Limbach from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 16th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $127.33.

Limbach 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.