Limbach (NASDAQ:LMB) Posts Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Key Points

• Limbach (NASDAQ:LMB) reported a quarterly earnings per share (EPS) of $0.93, exceeding analysts' expectations of $0.81 by $0.12.
• The company's revenue increased by 16.4% year-over-year, and Limbach has updated its fiscal year 2025 guidance for EPS.
• Insider Jay Sharp sold 2,000 shares of the company's stock, representing a 2.78% decrease in his position.

Limbach (NASDAQ:LMB - Get Free Report) released its earnings results on Tuesday. The construction company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.12, Zacks reports. The company had revenue of $142.24 million for the quarter, compared to the consensus estimate of $144.21 million. Limbach had a net margin of 6.38% and a return on equity of 29.38%. Limbach's quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.73 EPS. Limbach updated its FY 2025 guidance to EPS.

Limbach Stock Down 1.0%

Shares of NASDAQ:LMB traded down $1.20 during mid-day trading on Friday, hitting $114.39. 246,938 shares of the company traded hands, compared to its average volume of 262,769. The stock has a 50-day moving average price of $136.92 and a two-hundred day moving average price of $108.13. Limbach has a 12-month low of $56.87 and a 12-month high of $154.05. The stock has a market cap of $1.33 billion, a P/E ratio of 39.04, a P/E/G ratio of 2.16 and a beta of 1.22. The company has a current ratio of 1.69, a quick ratio of 1.55 and a debt-to-equity ratio of 0.17.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LMB. Roth Capital reiterated a "buy" rating on shares of Limbach in a report on Wednesday, May 7th. Wall Street Zen upgraded Limbach from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. Stifel Nicolaus lifted their price target on shares of Limbach from $151.00 to $163.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, Lake Street Capital upped their price objective on shares of Limbach from $125.00 to $156.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $133.00.

Insider Buying and Selling

In other news, insider Jay Sharp sold 2,000 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $137.49, for a total value of $274,980.00. Following the transaction, the insider owned 69,877 shares in the company, valued at $9,607,388.73. The trade was a 2.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 9.70% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank increased its position in shares of Limbach by 24.0% in the first quarter. Comerica Bank now owns 862 shares of the construction company's stock worth $64,000 after purchasing an additional 167 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Limbach by 5.5% in the 1st quarter. AQR Capital Management LLC now owns 16,903 shares of the construction company's stock worth $1,259,000 after buying an additional 876 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Limbach by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,059 shares of the construction company's stock worth $451,000 after buying an additional 241 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Limbach by 2.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 289,819 shares of the construction company's stock valued at $21,583,000 after buying an additional 7,771 shares in the last quarter. Finally, Cetera Investment Advisers bought a new stake in shares of Limbach during the 2nd quarter worth $421,000. Hedge funds and other institutional investors own 55.85% of the company's stock.

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.