AlphaQuest LLC Purchases 873 Shares of Limbach Holdings, Inc. $LMB

AlphaQuest LLC boosted its position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 122.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,588 shares of the construction company’s stock after purchasing an additional 873 shares during the period. AlphaQuest LLC’s holdings in Limbach were worth $222,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Harbour Investments Inc. bought a new position in Limbach during the 2nd quarter worth about $115,000. TD Asset Management Inc bought a new position in Limbach during the 2nd quarter worth about $331,000. Nadler Financial Group Inc. bought a new position in Limbach during the 2nd quarter worth about $240,000. Allspring Global Investments Holdings LLC increased its holdings in Limbach by 26.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 41,719 shares of the construction company’s stock worth $5,674,000 after purchasing an additional 8,710 shares in the last quarter. Finally, KLP Kapitalforvaltning AS increased its holdings in Limbach by 16.7% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 2,100 shares of the construction company’s stock worth $294,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 55.85% of the company’s stock.

Limbach Trading Down 1.6%

Shares of LMB stock opened at $94.48 on Friday. The firm has a 50 day moving average price of $100.53 and a two-hundred day moving average price of $116.67. 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 capitalization of $1.10 billion, a PE ratio of 32.25 and a beta of 1.42. Limbach Holdings, Inc. has a 12-month low of $63.02 and a 12-month 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, topping the consensus estimate of $0.81 by $0.12. The firm had revenue of $142.24 million during the quarter, compared to the consensus estimate of $144.21 million. Limbach had a net margin of 6.38% and a return on equity of 29.38%. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the business posted $0.73 earnings per share. Limbach has set its FY 2025 guidance at EPS. As a group, analysts predict that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LMB. Wall Street Zen upgraded Limbach from a “buy” rating to a “strong-buy” rating in a report on Friday, September 5th. Stifel Nicolaus decreased their price objective on Limbach from $146.00 to $132.00 and set a “buy” rating for the company in a report on Monday, October 13th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Limbach in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $122.67.

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.