Limbach Holdings, Inc. (NASDAQ:LMB) Receives Consensus Rating of "Buy" from Analysts

Key Points

• Limbach Holdings, Inc. has received a consensus rating of "Buy" from four research firms, highlighting positive analyst sentiment toward the company's stock.
• The average 12-month price target for Limbach shares among analysts is $127.33, reflecting significant upside potential from its current trading price.
• Limbach reported earnings of $0.93 EPS, which surpassed analysts’ expectations, and showed a 16.4% increase in year-over-year revenue.

Shares of Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report) have earned an average rating of "Buy" from the four research firms that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have covered the stock in the last year is $127.3333.

Several equities research analysts recently commented on LMB shares. Wall Street Zen raised Limbach from a "buy" rating to a "strong-buy" rating in a report on Friday, September 5th. Weiss Ratings reissued a "buy (b-)" rating on shares of Limbach in a research report on Saturday, September 27th. Stifel Nicolaus set a $146.00 price objective on shares of Limbach in a research note on Wednesday, August 6th. Finally, Lake Street Capital increased their price target 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.

Hedge Funds Weigh In On Limbach

Several hedge funds have recently modified their holdings of LMB. Versant Capital Management Inc increased its stake in shares of Limbach by 592.6% during the 1st quarter. Versant Capital Management Inc now owns 374 shares of the construction company's stock worth $28,000 after purchasing an additional 320 shares during the last quarter. Legacy Advisors LLC bought a new stake in Limbach in the 1st quarter valued at about $30,000. Opal Wealth Advisors LLC bought a new stake in Limbach in the 2nd quarter valued at about $32,000. AlphaQuest LLC bought a new stake in Limbach in the 1st quarter valued at about $53,000. Finally, Comerica Bank lifted its holdings in shares of Limbach by 24.0% during the 1st quarter. Comerica Bank now owns 862 shares of the construction company's stock worth $64,000 after acquiring an additional 167 shares during the period. Institutional investors own 55.85% of the company's stock.

Limbach Trading Up 0.0%

Limbach stock traded up $0.01 during midday trading on Friday, reaching $89.22. The stock had a trading volume of 188,051 shares, compared to its average volume of 225,069. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.69 and a current ratio of 1.69. Limbach has a twelve month low of $63.02 and a twelve month high of $154.05. The stock has a market capitalization of $1.04 billion, a PE ratio of 30.45 and a beta of 1.42. The stock's 50-day simple moving average is $112.33 and its 200 day simple moving average is $113.66.

Limbach (NASDAQ:LMB - Get Free Report) last announced its earnings results on Tuesday, August 5th. The construction company reported $0.93 EPS 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 business had revenue of $142.24 million for the quarter, compared to the consensus estimate of $144.21 million. During the same period last year, the business posted $0.73 EPS. The company's revenue was up 16.4% on a year-over-year basis. Limbach has set its FY 2025 guidance at EPS. Analysts expect that Limbach will post 2.54 EPS for the current year.

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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