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

A number of other institutional investors have also recently made changes to their positions in LMB. Northern Trust Corp grew its position in shares of Limbach by 8.1% in the 4th quarter. Northern Trust Corp now owns 91,730 shares of the construction company's stock valued at $7,847,000 after buying an additional 6,905 shares during the last quarter. Comerica Bank boosted its position in shares of Limbach by 727.4% during the 4th quarter. Comerica Bank now owns 695 shares of the construction company's stock valued at $59,000 after purchasing an additional 611 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Limbach during the 4th quarter valued at about $223,000. Deutsche Bank AG boosted its position in shares of Limbach by 53.3% during the 4th quarter. Deutsche Bank AG now owns 8,481 shares of the construction company's stock valued at $725,000 after purchasing an additional 2,949 shares in the last quarter. Finally, Group One Trading LLC boosted its position in shares of Limbach by 235.0% during the 4th quarter. Group One Trading LLC now owns 7,705 shares of the construction company's stock valued at $659,000 after purchasing an additional 5,405 shares in the last quarter. Institutional investors own 55.85% of the company's stock.

Limbach Stock Up 2.6%

LMB stock opened at $105.93 on Friday. The stock's 50 day simple moving average is $124.00 and its 200 day simple moving average is $111.61. Limbach Holdings, Inc. has a fifty-two week low of $63.02 and a fifty-two week high of $154.05. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market cap of $1.23 billion, a P/E ratio of 36.15 and a beta of 1.06.

Limbach (NASDAQ:LMB - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The construction company reported $0.93 earnings per share for the quarter, topping 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 business had revenue of $142.24 million for the quarter, compared to the consensus estimate of $144.21 million. During the same period in the prior year, the business earned $0.73 EPS. The firm's revenue for the quarter was up 16.4% on a year-over-year basis. Limbach has set its FY 2025 guidance at EPS. On average, research analysts expect that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.

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