Accurate Wealth Management LLC Purchases Shares of 2,333 Limbach Holdings, Inc. $LMB

Accurate Wealth Management LLC purchased a new stake in Limbach Holdings, Inc. (NASDAQ:LMB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,333 shares of the construction company’s stock, valued at approximately $348,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in shares of Limbach during the second quarter worth approximately $32,000. Brendel Financial Advisors LLC raised its position in shares of Limbach by 19.8% during the second quarter. Brendel Financial Advisors LLC now owns 3,738 shares of the construction company’s stock worth $524,000 after purchasing an additional 618 shares during the period. Wedmont Private Capital acquired a new position in shares of Limbach during the second quarter worth approximately $219,000. Rhumbline Advisers raised its position in shares of Limbach by 3.1% during the first quarter. Rhumbline Advisers now owns 14,498 shares of the construction company’s stock worth $1,080,000 after purchasing an additional 433 shares during the period. Finally, Strs Ohio acquired a new position in shares of Limbach during the first quarter worth approximately $462,000. 55.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Limbach Trading Down 1.3%

Shares of Limbach stock opened at $93.38 on Friday. The stock has a fifty day simple moving average of $115.79 and a 200 day simple moving average of $113.10. Limbach Holdings, Inc. has a 12-month low of $63.02 and a 12-month high of $154.05. The company has a market capitalization of $1.09 billion, a P/E ratio of 31.87 and a beta of 1.06. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.17.

Limbach (NASDAQ:LMB) last announced its quarterly earnings results on Tuesday, August 5th. The construction company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.12. The business had revenue of $142.24 million during the quarter, compared to the consensus estimate of $144.21 million. Limbach had a return on equity of 29.38% and a net margin of 6.38%.Limbach’s 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 earnings per share. Limbach has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal 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.