6,118 Shares in Limbach Holdings, Inc. $LMB Purchased by Creative Planning

Creative Planning acquired a new stake in Limbach Holdings, Inc. (NASDAQ:LMB) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,118 shares of the construction company’s stock, valued at approximately $857,000. Creative Planning owned 0.05% of Limbach at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Comerica Bank raised its stake 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 period. Opal Wealth Advisors LLC acquired a new stake in Limbach in the 2nd quarter valued at approximately $32,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 period. KLP Kapitalforvaltning AS lifted its stake in Limbach by 16.7% during the second 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. Finally, Police & Firemen s Retirement System of New Jersey boosted its position in shares of Limbach by 15.0% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 2,379 shares of the construction company’s stock worth $333,000 after buying an additional 311 shares during the period. Hedge funds and other institutional investors own 55.85% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on LMB. Stifel Nicolaus cut their price objective on Limbach from $146.00 to $132.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Zacks Research lowered shares of Limbach from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Wall Street Zen lowered shares of Limbach from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Limbach in a report on Friday. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $144.00.

Limbach Stock Performance

Shares of Limbach stock opened at $69.50 on Tuesday. The business has a 50-day simple moving average of $85.80 and a 200-day simple moving average of $112.59. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.69 and a current ratio of 1.69. Limbach Holdings, Inc. has a one year low of $63.02 and a one year high of $154.05. The company has a market cap of $808.08 million, a PE ratio of 23.72 and a beta of 1.36.

Limbach (NASDAQ:LMB) last issued its quarterly earnings results on Tuesday, November 4th. The construction company reported $1.05 earnings per share (EPS) 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 firm had revenue of $184.58 million during the quarter, compared to analysts’ expectations of $184.48 million. During the same quarter in the prior year, the firm earned $0.62 EPS. The firm’s revenue was up 37.8% compared to the same quarter last year. Limbach has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Limbach Holdings, Inc. will post 2.54 EPS 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.