Limbach (NASDAQ:LMB) Stock Price Up 3.6% - What's Next?

Key Points

• Limbach Holdings, Inc. shares rose 3.6% to $114.07, despite a significant drop in trading volume, dropping 72% from the average.
• Research firms have a consensus rating of "Buy" with price targets ranging from $125.00 to $156.00, indicating strong bullish sentiment for the stock.
• In its recent earnings report, Limbach exceeded EPS estimates ($0.93 vs $0.81), with a 16.4% year-over-year revenue increase, despite slightly missing revenue expectations.

Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report) traded up 3.6% on Thursday . The stock traded as high as $112.75 and last traded at $114.07. 64,053 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 226,126 shares. The stock had previously closed at $110.14.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LMB. Wall Street Zen downgraded shares of Limbach from a "strong-buy" rating to a "buy" rating in a report on Saturday. Stifel Nicolaus set a $146.00 target price on shares of Limbach in a research report on Wednesday, August 6th. Roth Capital reaffirmed a "buy" rating on shares of Limbach in a report on Wednesday, May 7th. Finally, Lake Street Capital boosted their price objective on Limbach from $125.00 to $156.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $127.33.

Limbach Price Performance

The company's 50 day moving average price is $133.88 and its 200-day moving average price is $108.93. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 39.41, a PEG ratio of 2.19 and a beta of 1.22. 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 (NASDAQ:LMB - Get Free Report) last issued its earnings results on Tuesday, August 5th. The construction company reported $0.93 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 the consensus estimate of $144.21 million. During the same quarter in the previous year, the company posted $0.73 earnings per share. The business's quarterly revenue was up 16.4% compared to the same quarter last year. Limbach has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal 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 stock was sold at an average price of $137.49, for a total transaction of $274,980.00. Following the completion of the sale, the insider directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 10.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Limbach

Several large investors have recently bought and sold shares of the company. Wasatch Advisors LP raised its holdings in Limbach by 59.2% during the 2nd quarter. Wasatch Advisors LP now owns 638,879 shares of the construction company's stock worth $89,507,000 after buying an additional 237,475 shares during the period. Vanguard Group Inc. raised its stake in shares of Limbach by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 634,082 shares of the construction company's stock valued at $47,220,000 after purchasing an additional 29,685 shares during the period. First Trust Advisors LP raised its stake in shares of Limbach by 1,192.1% in the 2nd quarter. First Trust Advisors LP now owns 411,180 shares of the construction company's stock valued at $57,606,000 after purchasing an additional 379,357 shares during the period. Invesco Ltd. lifted its holdings in shares of Limbach by 2,041.6% in the second quarter. Invesco Ltd. now owns 400,603 shares of the construction company's stock valued at $56,124,000 after purchasing an additional 381,897 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Limbach by 2.8% during the first quarter. Goldman Sachs Group Inc. now owns 289,819 shares of the construction company's stock worth $21,583,000 after buying an additional 7,771 shares during the period. 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.