Limbach Holdings, Inc. $LMB Shares Acquired by Expect Equity LLC

Key Points

• Expect Equity LLC increased its stake in Limbach Holdings by 24.9%, owning 30,813 shares, making it the 16th largest holding in their portfolio.
• Multiple institutional investors, including Bessemer Group Inc. and Northern Trust Corp, have recently purchased shares, boosting overall institutional ownership to 55.85% of the company.
• Limbach reported a 16.4% revenue increase year-over-year, with earnings per share of $0.93 for the latest quarter, surpassing analysts’ expectations.

Expect Equity LLC grew its stake in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 24.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,813 shares of the construction company's stock after buying an additional 6,146 shares during the quarter. Limbach accounts for about 2.6% of Expect Equity LLC's portfolio, making the stock its 16th largest holding. Expect Equity LLC owned about 0.27% of Limbach worth $2,295,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Bessemer Group Inc. purchased a new position in shares of Limbach in the 1st quarter valued at about $11,705,000. Lord Abbett & CO. LLC purchased a new position in shares of Limbach in the 1st quarter valued at about $9,693,000. Northern Trust Corp increased its stake in shares of Limbach by 81.7% in the 1st quarter. Northern Trust Corp now owns 166,716 shares of the construction company's stock valued at $12,415,000 after purchasing an additional 74,986 shares in the last quarter. CenterBook Partners LP purchased a new position in shares of Limbach in the 1st quarter valued at about $5,180,000. Finally, Driehaus Capital Management LLC purchased a new position in shares of Limbach in the 1st quarter valued at about $4,965,000. Institutional investors and hedge funds own 55.85% of the company's stock.

Wall Street Analyst Weigh In

LMB has been the subject of several recent analyst reports. Lake Street Capital lifted their price target on Limbach from $125.00 to $156.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Stifel Nicolaus set a $146.00 price target on Limbach in a research note on Wednesday, August 6th. Roth Capital restated a "buy" rating on shares of Limbach in a research note on Wednesday, May 7th. Finally, Wall Street Zen lowered Limbach from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Limbach has an average rating of "Buy" and an average target price of $127.33.

Insider Buying and Selling at Limbach

In other news, insider Jay Sharp sold 2,000 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $137.49, for a total transaction of $274,980.00. Following the transaction, the insider directly owned 69,877 shares in the company, valued at $9,607,388.73. The trade was a 2.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.70% of the stock is currently owned by corporate insiders.

Limbach Price Performance

NASDAQ:LMB opened at $123.37 on Friday. Limbach Holdings, Inc. has a 12 month low of $59.59 and a 12 month high of $154.05. The stock has a 50 day moving average of $131.27 and a two-hundred day moving average of $109.99. 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 firm has a market cap of $1.43 billion, a P/E ratio of 42.11, a price-to-earnings-growth ratio of 2.37 and a beta of 1.22.

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

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.

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