Teacher Retirement System of Texas Reduces Stake in Limbach Holdings, Inc. $LMB

Teacher Retirement System of Texas lowered its holdings in Limbach Holdings, Inc. (NASDAQ:LMB) by 17.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 10,230 shares of the construction company’s stock after selling 2,178 shares during the quarter. Teacher Retirement System of Texas owned about 0.09% of Limbach worth $1,433,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new position in shares of Limbach in the 2nd quarter valued at about $32,000. AlphaQuest LLC purchased a new position in shares of Limbach in the 1st quarter valued at about $53,000. Comerica Bank increased its holdings in shares of Limbach by 24.0% in the 1st quarter. Comerica Bank now owns 862 shares of the construction company’s stock valued at $64,000 after acquiring an additional 167 shares during the last quarter. Harbour Investments Inc. purchased a new position in shares of Limbach in the 2nd quarter valued at about $115,000. Finally, FAS Wealth Partners Inc. purchased a new position in shares of Limbach in the 1st quarter valued at about $216,000. Hedge funds and other institutional investors own 55.85% of the company’s stock.

Limbach Stock Down 2.8%

LMB opened at $90.80 on Wednesday. Limbach Holdings, Inc. has a 52 week low of $63.02 and a 52 week high of $154.05. The business has a 50 day moving average price of $99.38 and a two-hundred day moving average price of $116.97. 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 cap of $1.06 billion, a PE ratio of 30.99 and a beta of 1.42.

Limbach (NASDAQ:LMB) last posted its quarterly earnings data on Tuesday, November 4th. The construction company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.04). Limbach had a return on equity of 29.38% and a net margin of 6.38%.The company had revenue of $184.58 million for the quarter, compared to analyst estimates of $184.48 million. During the same period in the previous year, the business posted $0.62 earnings per share. The firm’s revenue was up 37.8% compared to the same quarter last year. Limbach has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

LMB has been the subject of several research reports. Wall Street Zen raised Limbach from a “buy” rating to a “strong-buy” rating in a report on Friday, September 5th. Stifel Nicolaus reduced their target price 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 reissued a “buy (b-)” rating on shares of Limbach in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $144.00.

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.