Strs Ohio Buys New Holdings in Limbach Holdings, Inc. $LMB

Key Points

• Strs Ohio has newly acquired 6,200 shares of Limbach Holdings, Inc. for around $462,000, representing approximately 0.05% of the company's total shares.
• Multiple institutional investors increased their stakes in Limbach, including Millennium Management, which raised its position by 639.0%.
• Limbach reported earnings of $0.93 per share for the last quarter, outperforming analysts' expectations and reflecting a 16.4% year-over-year revenue growth.

Strs Ohio acquired a new position in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,200 shares of the construction company's stock, valued at approximately $462,000. Strs Ohio owned approximately 0.05% of Limbach as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of LMB. Deutsche Bank AG grew its stake in Limbach by 53.3% in 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Limbach by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,818 shares of the construction company's stock worth $498,000 after buying an additional 231 shares in the last quarter. Millennium Management LLC raised its position in shares of Limbach by 639.0% in the fourth quarter. Millennium Management LLC now owns 25,369 shares of the construction company's stock worth $2,170,000 after buying an additional 21,936 shares in the last quarter. Man Group plc purchased a new stake in shares of Limbach in the fourth quarter worth $356,000. Finally, ProShare Advisors LLC purchased a new stake in shares of Limbach in the fourth quarter worth $246,000. Institutional investors own 55.85% of the company's stock.

Wall Street Analyst Weigh In

LMB has been the topic of a number of research analyst reports. Stifel Nicolaus set a $146.00 target price on Limbach in a research note on Wednesday, August 6th. Lake Street Capital raised their price objective on Limbach from $125.00 to $156.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Finally, Wall Street Zen raised Limbach from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 5th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $127.33.

Limbach Stock Performance

Shares of LMB opened at $104.89 on Tuesday. 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 one year low of $63.02 and a one year high of $154.05. The company has a 50-day simple moving average of $118.68 and a two-hundred day simple moving average of $113.18. The firm has a market capitalization of $1.22 billion, a PE ratio of 35.80 and a beta of 1.06.

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