Caxton Associates LLP Acquires New Shares in Limbach Holdings, Inc. $LMB

Key Points

• Caxton Associates LLP acquired 5,587 shares of Limbach Holdings, Inc., valued at approximately $416,000, indicating growing institutional interest in the company.
• Limbach Holdings reported $0.93 earnings per share for the last quarter, exceeding analysts' expectations and marking a 16.4% increase in revenue year-over-year.
• The stock is currently rated with a consensus of "Buy" and a target price of $127.33, with four analysts giving it a Buy rating.

Caxton Associates LLP bought a new stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,587 shares of the construction company's stock, valued at approximately $416,000.

Other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc boosted its position in shares of Limbach by 592.6% during the first quarter. Versant Capital Management Inc now owns 374 shares of the construction company's stock valued at $28,000 after buying an additional 320 shares during the last quarter. Legacy Advisors LLC purchased a new position in shares of Limbach during the first quarter valued at approximately $30,000. AlphaQuest LLC purchased a new position in shares of Limbach during the first quarter valued at approximately $53,000. Comerica Bank boosted its position in shares of Limbach by 727.4% during the fourth quarter. Comerica Bank now owns 695 shares of the construction company's stock valued at $59,000 after buying an additional 611 shares during the last quarter. Finally, FAS Wealth Partners Inc. bought a new stake in Limbach during the first quarter worth $216,000. Hedge funds and other institutional investors own 55.85% of the company's stock.

Limbach Stock Performance

Shares of LMB traded down $0.55 during mid-day trading on Thursday, hitting $103.10. The stock had a trading volume of 253,047 shares, compared to its average volume of 190,391. The firm has a market cap of $1.20 billion, a P/E ratio of 35.19 and a beta of 1.06. The business has a fifty day moving average price of $120.45 and a 200-day moving average price of $112.22. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.69 and a quick ratio of 1.69. Limbach Holdings, Inc. has a 52 week low of $63.02 and a 52 week high of $154.05.

Limbach (NASDAQ:LMB - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The construction company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.12. Limbach had a return on equity of 29.38% and a net margin of 6.38%.The company had revenue of $142.24 million for the quarter, compared to analyst estimates of $144.21 million. During the same period in the previous year, the company posted $0.73 EPS. The firm's revenue for the quarter was up 16.4% compared to the same quarter last year. Limbach has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LMB. Lake Street Capital lifted their price target on Limbach from $125.00 to $156.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Stifel Nicolaus set a $146.00 price target on Limbach in a report on Wednesday, August 6th. Finally, Wall Street Zen upgraded Limbach from a "buy" rating to a "strong-buy" rating in a report on Friday, September 5th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $127.33.

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.