Limbach (NASDAQ:LMB) Rating Increased to Strong-Buy at Wall Street Zen

Key Points

• Limbach's stock rating has been upgraded from "buy" to "strong-buy" by Wall Street Zen, which reflects growing confidence in the company's performance.
• The company's latest earnings report exceeded expectations, with an EPS of $0.93, beating estimates by $0.12 and showing a revenue increase of 16.4% year-over-year.
• Insider sales reported a 2.78% decrease in ownership by Jay Sharp, who sold 2,000 shares at an average price of $137.49, indicating some movement in insider sentiment.

Limbach (NASDAQ:LMB - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued on Friday.

Several other analysts have also issued reports on LMB. Stifel Nicolaus set a $146.00 target price on shares of Limbach in a research report on Wednesday, August 6th. Lake Street Capital boosted their price target on shares of Limbach from $125.00 to $156.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Limbach has a consensus rating of "Buy" and a consensus target price of $127.33.

Limbach Stock Down 4.0%

LMB opened at $107.85 on Friday. Limbach has a fifty-two week low of $60.27 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 $128.00 and a two-hundred day moving average of $110.85. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 36.81 and a beta of 1.06.

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 the consensus estimate 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 for the quarter, compared to analyst estimates of $144.21 million. During the same quarter last year, the business earned $0.73 earnings per share. The company'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. On average, research analysts expect that Limbach will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In other Limbach news, insider Jay Sharp sold 2,000 shares of the business's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $137.49, for a total value of $274,980.00. Following the transaction, the insider directly owned 69,877 shares in the company, valued at $9,607,388.73. The trade was a 2.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 9.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Limbach

Large investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc increased its stake in 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 buying an additional 320 shares during the period. Legacy Advisors LLC purchased a new stake in shares of Limbach in the 1st quarter valued at approximately $30,000. Opal Wealth Advisors LLC purchased a new stake in shares of Limbach in the 2nd quarter valued at approximately $32,000. AlphaQuest LLC acquired a new position in shares of Limbach in the 1st quarter valued at $53,000. Finally, Comerica Bank boosted its holdings in shares of Limbach by 727.4% in the 4th quarter. Comerica Bank now owns 695 shares of the construction company's stock valued at $59,000 after buying an additional 611 shares in the last quarter. 55.85% of the stock is owned by hedge funds and other institutional investors.

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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