Nuveen LLC Makes New $2.73 Million Investment in Limbach Holdings, Inc. $LMB

Key Points

• Nuveen LLC has acquired a new position in Limbach Holdings, purchasing 36,693 shares valued at approximately $2.73 million, representing about 0.32% ownership in the company.
• Limbach Holdings reported $0.93 EPS for the last quarter, surpassing estimates, with a revenue of $142.24 million, a growth of 16.4% year-over-year.
• Analysts maintain a consensus rating of "Buy" for Limbach, with a price target averaging $127.33, despite some recent shifts in ratings from various research firms.

Nuveen LLC purchased a new position in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,693 shares of the construction company's stock, valued at approximately $2,733,000. Nuveen LLC owned 0.32% of Limbach at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Limbach by 4.9% during the first quarter. Vanguard Group Inc. now owns 634,082 shares of the construction company's stock worth $47,220,000 after purchasing an additional 29,685 shares during the period. Royce & Associates LP increased its stake in Limbach by 25.7% during the first quarter. Royce & Associates LP now owns 254,500 shares of the construction company's stock worth $18,953,000 after purchasing an additional 52,030 shares during the period. Bessemer Group Inc. purchased a new stake in Limbach during the first quarter worth about $11,705,000. Segall Bryant & Hamill LLC increased its stake in Limbach by 22.2% during the first quarter. Segall Bryant & Hamill LLC now owns 124,178 shares of the construction company's stock worth $9,248,000 after purchasing an additional 22,534 shares during the period. Finally, Northern Trust Corp increased its stake in Limbach by 8.1% during the fourth quarter. Northern Trust Corp now owns 91,730 shares of the construction company's stock worth $7,847,000 after purchasing an additional 6,905 shares during the period. 55.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Roth Capital reiterated a "buy" rating on shares of Limbach in a research note on Wednesday, May 7th. Stifel Nicolaus set a $146.00 price objective on Limbach in a research report on Wednesday, August 6th. Wall Street Zen downgraded Limbach from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, Lake Street Capital boosted their price objective on Limbach from $125.00 to $156.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $127.33.

Limbach Stock Performance

Shares of Limbach stock traded down $2.46 during trading hours on Wednesday, hitting $108.56. 194,242 shares of the company were exchanged, compared to its average volume of 247,627. Limbach Holdings, Inc. has a 1 year low of $59.59 and a 1 year high of $154.05. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average of $129.12 and a 200-day moving average of $110.55. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 37.05 and a beta of 1.06.

Limbach (NASDAQ:LMB - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The construction company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.81 by $0.12. Limbach had a return on equity of 29.38% and a net margin of 6.38%.The business had revenue of $142.24 million during the quarter, compared to analysts' expectations of $144.21 million. During the same quarter in the prior year, the business earned $0.73 earnings per share. The company's quarterly revenue was up 16.4% compared to the same quarter last year. Limbach has set its FY 2025 guidance at EPS. As a group, analysts expect that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity at Limbach

In other Limbach news, insider Jay Sharp sold 2,000 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $137.49, for a total value of $274,980.00. Following the completion of the transaction, the insider owned 69,877 shares in the company, valued at approximately $9,607,388.73. This represents a 2.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 10.20% of the stock is owned by company insiders.

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.