Vanguard Group Inc. Has $47.22 Million Stock Holdings in Limbach Holdings, Inc. $LMB

Key Points

• Vanguard Group Inc. has increased its holdings in Limbach Holdings, Inc. by 4.9%, now owning 634,082 shares valued at approximately $47.2 million.
• Several institutional investors have recently modified their stakes in Limbach, with Wells Fargo increasing its position by 46.2% and new investments from other firms totaling over $2 million.
• Limbach reported a Q2 EPS of $0.93, surpassing estimates, with revenue rising 16.4% from the previous year, though slightly below analyst expectations.

Vanguard Group Inc. increased its stake in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 4.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 634,082 shares of the construction company's stock after buying an additional 29,685 shares during the period. Vanguard Group Inc. owned about 5.45% of Limbach worth $47,220,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its stake in Limbach by 10.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 33,009 shares of the construction company's stock worth $2,483,000 after purchasing an additional 3,034 shares during the last quarter. GAMMA Investing LLC lifted its stake in Limbach by 16,413.0% during the first quarter. GAMMA Investing LLC now owns 3,798 shares of the construction company's stock worth $283,000 after purchasing an additional 3,775 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Limbach by 7.5% during the first quarter. Principal Financial Group Inc. now owns 13,873 shares of the construction company's stock worth $1,033,000 after purchasing an additional 963 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Limbach by 259.3% during the first quarter. Teacher Retirement System of Texas now owns 12,408 shares of the construction company's stock worth $924,000 after purchasing an additional 8,955 shares during the last quarter. Finally, ProShare Advisors LLC bought a new position in Limbach during the fourth quarter worth $246,000. 55.85% of the stock is currently owned by institutional investors.

Limbach Price Performance

Shares of Limbach stock traded down $8.81 during midday trading on Friday, reaching $114.56. The company had a trading volume of 207,535 shares, compared to its average volume of 257,313. 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 company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 39.10, a price-to-earnings-growth ratio of 2.16 and a beta of 1.22. The stock has a fifty day simple moving average of $130.81 and a 200 day simple moving average of $110.26. Limbach Holdings, Inc. has a 1-year low of $59.59 and a 1-year high of $154.05.

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

Insider Buying and Selling

In other Limbach news, insider Jay Sharp sold 2,000 shares of Limbach stock in a transaction on Friday, June 13th. The shares were sold at an average price of $137.49, for a total transaction of $274,980.00. Following the completion of the sale, the insider owned 69,877 shares of the company's stock, valued at approximately $9,607,388.73. The trade was a 2.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on LMB. Wall Street Zen cut 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 Limbach in a report on Wednesday, August 6th. Roth Capital reaffirmed a "buy" rating on shares of Limbach in a research note on Wednesday, May 7th. Finally, Lake Street Capital upped their price objective on shares of Limbach from $125.00 to $156.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $127.33.

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.