Janney Montgomery Scott LLC Boosts Stake in Limbach Holdings, Inc. $LMB

Janney Montgomery Scott LLC lifted its stake in Limbach Holdings, Inc. (NASDAQ:LMB) by 8.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,060 shares of the construction company’s stock after buying an additional 2,137 shares during the period. Janney Montgomery Scott LLC owned approximately 0.22% of Limbach worth $3,651,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Comerica Bank boosted its position in shares of Limbach by 24.0% in the first quarter. Comerica Bank now owns 862 shares of the construction company’s stock worth $64,000 after buying an additional 167 shares during the period. Opal Wealth Advisors LLC purchased a new position in Limbach in the second quarter valued at about $32,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Limbach by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,059 shares of the construction company’s stock valued at $451,000 after purchasing an additional 241 shares during the last quarter. Brendel Financial Advisors LLC raised its stake in Limbach by 8.9% during the first quarter. Brendel Financial Advisors LLC now owns 3,120 shares of the construction company’s stock valued at $232,000 after buying an additional 256 shares in the last quarter. Finally, Legacy Advisors LLC acquired a new stake in Limbach during the first quarter valued at approximately $30,000. Hedge funds and other institutional investors own 55.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Stifel Nicolaus set a $146.00 price objective on Limbach in a research note on Wednesday, August 6th. Lake Street Capital raised their target price on Limbach from $125.00 to $156.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of Limbach in a research report on Wednesday. Finally, Wall Street Zen upgraded Limbach from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 5th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $127.33.

Limbach Stock Performance

LMB opened at $94.42 on Thursday. The firm has a market cap of $1.10 billion, a PE ratio of 32.23 and a beta of 1.42. 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 business has a fifty day simple moving average of $108.80 and a 200-day simple moving average of $113.99. Limbach Holdings, Inc. has a fifty-two week low of $63.02 and a fifty-two week high of $154.05.

Limbach (NASDAQ:LMB) last released its quarterly earnings data on Tuesday, August 5th. The construction company reported $0.93 earnings per share 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 analyst estimates of $144.21 million. Limbach had a return on equity of 29.38% and a net margin of 6.38%.The company’s revenue was up 16.4% compared to the same quarter last year. During the same period last year, the company posted $0.73 EPS. Limbach has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

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.