1,506 Shares in Limbach Holdings, Inc. $LMB Bought by Wedmont Private Capital

Wedmont Private Capital bought a new position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 1,506 shares of the construction company’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its stake in Limbach by 592.6% during 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 during the last quarter. Legacy Advisors LLC purchased a new position in Limbach during the 1st quarter worth $30,000. AlphaQuest LLC purchased a new position in Limbach during the 1st quarter worth $53,000. Comerica Bank grew its stake in Limbach by 24.0% during the 1st quarter. Comerica Bank now owns 862 shares of the construction company’s stock worth $64,000 after buying an additional 167 shares during the last quarter. Finally, FAS Wealth Partners Inc. purchased a new position in Limbach during the 1st quarter worth $216,000. 55.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Lake Street Capital boosted their price target on Limbach from $125.00 to $156.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Stifel Nicolaus set a $146.00 price target on Limbach in a research note on Wednesday, August 6th. Finally, Wall Street Zen upgraded Limbach from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 5th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $127.33.

Limbach Stock Performance

Shares of LMB stock opened at $104.89 on Tuesday. The stock has a market cap of $1.22 billion, a PE ratio of 35.80 and a beta of 1.06. The business has a 50-day simple moving average of $118.68 and a 200-day simple moving average of $113.18. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.17. Limbach Holdings, Inc. has a 52-week low of $63.02 and a 52-week high of $154.05.

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

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.