Limbach (NASDAQ:LMB) Given "Buy (B-)" Rating at Weiss Ratings

Key Points

• Limbach (NASDAQ:LMB) received a "buy (B-)" rating from Weiss Ratings, reaffirming investor confidence.
• The stock has seen positive ratings from several firms, including Lake Street Capital, which raised its price target for Limbach from $125.00 to $156.00.
• Limbach reported earnings of $0.93 per share, which beat analysts' expectations, with revenue increasing 16.4% year-over-year to $142.24 million.

Limbach (NASDAQ:LMB - Get Free Report)'s stock had its "buy (b-)" rating reiterated by Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other research firms have also commented on LMB. Lake Street Capital lifted their price target on shares of Limbach from $125.00 to $156.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Stifel Nicolaus set a $146.00 target price on Limbach in a research report on Wednesday, August 6th. Finally, Wall Street Zen raised Limbach from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 5th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $127.33.

Limbach Stock Up 4.8%

LMB opened at $94.42 on Wednesday. Limbach has a fifty-two week low of $63.02 and a fifty-two week high of $154.05. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.69 and a current ratio of 1.69. The company has a fifty day moving average of $108.80 and a two-hundred day moving average of $113.99. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 32.23 and a beta of 1.42.

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

Institutional Investors Weigh In On Limbach

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. lifted its stake in Limbach by 110.9% in the second quarter. Osaic Holdings Inc. now owns 10,352 shares of the construction company's stock valued at $1,450,000 after buying an additional 5,444 shares during the last quarter. Squarepoint Ops LLC lifted its stake in Limbach by 4.9% in the second quarter. Squarepoint Ops LLC now owns 48,788 shares of the construction company's stock valued at $6,835,000 after buying an additional 2,281 shares during the last quarter. Castleark Management LLC purchased a new stake in Limbach in the second quarter valued at approximately $2,962,000. Tower Research Capital LLC TRC lifted its stake in Limbach by 51.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,397 shares of the construction company's stock valued at $336,000 after buying an additional 812 shares during the last quarter. Finally, Ewing Morris & Co. Investment Partners Ltd. purchased a new stake in shares of Limbach during the second quarter worth approximately $448,000. Hedge funds and other institutional investors own 55.85% 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.

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