Limbach Holdings, Inc. $LMB Stock Position Raised by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in Limbach Holdings by 46.3% in the first quarter, owning 108,684 shares valued at approximately $8.09 million.
• Several institutional investors, including Versant Capital Management and Comerica Bank, made significant adjustments to their positions in Limbach during the first quarter and fourth quarter.
• Limbach Holdings reported an earnings per share (EPS) of $0.93 for the most recent quarter, surpassing analyst expectations, and forecasts suggest continued growth with a projected EPS of 2.54 for the current fiscal year.

Russell Investments Group Ltd. grew its position in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 46.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 108,684 shares of the construction company's stock after purchasing an additional 34,395 shares during the period. Russell Investments Group Ltd. owned approximately 0.93% of Limbach worth $8,094,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. acquired a new stake in shares of Limbach in the 1st quarter worth approximately $11,705,000. First Trust Advisors LP lifted its stake in shares of Limbach by 67.5% in the 4th quarter. First Trust Advisors LP now owns 322,396 shares of the construction company's stock worth $27,578,000 after acquiring an additional 129,869 shares during the period. CenterBook Partners LP acquired a new stake in shares of Limbach in the 1st quarter worth approximately $5,180,000. Silvercrest Asset Management Group LLC acquired a new stake in shares of Limbach in the 4th quarter worth approximately $5,041,000. Finally, Royce & Associates LP lifted its stake in shares of Limbach by 25.7% in the 1st quarter. Royce & Associates LP now owns 254,500 shares of the construction company's stock worth $18,953,000 after acquiring an additional 52,030 shares during the period. Institutional investors own 55.85% of the company's stock.

Limbach Price Performance

NASDAQ:LMB traded down $1.32 during trading hours on Monday, reaching $118.25. 148,475 shares of the company's stock were exchanged, compared to its average volume of 259,084. The company has a market capitalization of $1.38 billion, a P/E ratio of 40.36, a price-to-earnings-growth ratio of 2.25 and a beta of 1.22. Limbach Holdings, Inc. has a 12 month low of $59.59 and a 12 month high of $154.05. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.17. The business's 50-day simple moving average is $132.18 and its two-hundred day simple moving average is $109.61.

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 analysts' consensus estimates of $0.81 by $0.12. The firm had revenue of $142.24 million during the quarter, compared to analysts' expectations of $144.21 million. Limbach had a net margin of 6.38% and a return on equity of 29.38%. The firm's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the firm posted $0.73 earnings per share. 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 weighed in on LMB. Lake Street Capital upped their price target on shares of 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 lowered shares of Limbach from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Stifel Nicolaus set a $146.00 price target on shares of Limbach in a research note on Wednesday, August 6th. Finally, Roth Capital reaffirmed a "buy" rating on shares of Limbach in a research note on Wednesday, May 7th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $127.33.

Insider Activity at Limbach

In related news, insider Jay Sharp sold 2,000 shares of the company's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $137.49, for a total value of $274,980.00. Following the completion of the sale, the insider owned 69,877 shares in the company, valued at approximately $9,607,388.73. This represents a 2.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 10.20% of the company's stock.

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.