Limbach Holdings, Inc. $LMB Shares Sold by Knights of Columbus Asset Advisors LLC

Key Points

• Knights of Columbus Asset Advisors LLC reduced its stake in Limbach Holdings by 36.7%, holding 16,601 shares worth approximately $2.3 million as of its last SEC filing.
• Limbach reported earnings of $0.93 per share for the last quarter, surpassing the consensus estimate of $0.81, and achieved a 16.4% year-over-year revenue increase.
• Analysts have given Limbach stock an average rating of "Buy" with a target price of $127.33, signaling positive expectations for future performance.

Knights of Columbus Asset Advisors LLC trimmed its stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 36.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,601 shares of the construction company's stock after selling 9,635 shares during the quarter. Knights of Columbus Asset Advisors LLC owned about 0.14% of Limbach worth $2,326,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in LMB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Limbach by 81.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,358 shares of the construction company's stock worth $1,314,000 after acquiring an additional 6,871 shares during the period. GAMMA Investing LLC lifted its position in Limbach by 16,413.0% during the 1st quarter. GAMMA Investing LLC now owns 3,798 shares of the construction company's stock worth $283,000 after acquiring an additional 3,775 shares during the period. Rhumbline Advisers raised its stake in shares of Limbach by 3.1% during the 1st quarter. Rhumbline Advisers now owns 14,498 shares of the construction company's stock worth $1,080,000 after buying an additional 433 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Limbach by 43.2% during the 1st quarter. Harbor Capital Advisors Inc. now owns 3,656 shares of the construction company's stock worth $272,000 after buying an additional 1,103 shares in the last quarter. Finally, Brendel Financial Advisors LLC raised its stake in shares of Limbach by 8.9% during the 1st quarter. Brendel Financial Advisors LLC now owns 3,120 shares of the construction company's stock worth $232,000 after buying an additional 256 shares in the last quarter. 55.85% of the stock is owned by institutional investors and hedge funds.

Limbach Stock Performance

NASDAQ LMB opened at $93.26 on Tuesday. Limbach Holdings, Inc. has a 1-year low of $63.02 and a 1-year high of $154.05. The company has a market capitalization of $1.08 billion, a P/E ratio of 31.83 and a beta of 1.42. The business has a 50 day moving average price of $110.59 and a 200 day moving average price of $114.30. 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 (NASDAQ:LMB - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The construction company reported $0.93 earnings per share for the quarter, beating 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 firm had revenue of $142.24 million during the quarter, compared to the consensus estimate of $144.21 million. During the same period last year, the business posted $0.73 EPS. Limbach's quarterly revenue was up 16.4% on a year-over-year basis. Limbach has set its FY 2025 guidance at EPS. Sell-side analysts expect that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LMB. Lake Street Capital increased their target price on Limbach from $125.00 to $156.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Wall Street Zen raised Limbach from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 5th. Stifel Nicolaus set a $146.00 target price on Limbach in a research note on Wednesday, August 6th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Limbach in a research note on Saturday, September 27th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Limbach presently has an average rating of "Buy" and an average price target 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.

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