Limbach (NASDAQ:LMB) Trading 6.2% Higher - Here's Why

Key Points

• Limbach Holdings, Inc. shares increased by 6.2% to reach a last traded price of $105.38, despite a notable decline in trading volume compared to the average.
• Several analysts have issued positive ratings for Limbach, with targets ranging from $125.00 to $156.00, highlighting a consensus rating of "Buy" and target price of $127.33.
• The company reported earnings of $0.93 EPS, which exceeded estimates, alongside a 16.4% year-over-year revenue growth, signaling strong performance in the construction sector.

Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report)'s share price traded up 6.2% on Wednesday . The company traded as high as $105.15 and last traded at $105.38. 80,173 shares were traded during trading, a decline of 64% from the average session volume of 223,349 shares. The stock had previously closed at $99.23.

Analysts Set New Price Targets

A number of research firms recently issued reports on LMB. Stifel Nicolaus set a $146.00 price objective on shares of Limbach in a research report on Wednesday, August 6th. Lake Street Capital raised their price target on shares of Limbach from $125.00 to $156.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, Wall Street Zen raised shares of Limbach from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 5th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $127.33.

Limbach Trading Up 2.3%

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 firm has a market cap of $1.23 billion, a PE ratio of 36.01 and a beta of 1.06. The stock's 50 day simple moving average is $119.57 and its 200 day simple moving average is $112.96.

Limbach (NASDAQ:LMB - Get Free Report) last announced its quarterly earnings data 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 net margin of 6.38% and a return on equity of 29.38%. The company had revenue of $142.24 million during the quarter, compared to analysts' expectations of $144.21 million. During the same quarter in the prior year, the company earned $0.73 EPS. The firm's revenue was up 16.4% on a year-over-year basis. Limbach has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. increased its stake in shares of Limbach by 110.9% in the 2nd quarter. Osaic Holdings Inc. now owns 10,352 shares of the construction company's stock worth $1,450,000 after acquiring an additional 5,444 shares in the last quarter. Squarepoint Ops LLC increased its stake in Limbach by 4.9% during the 2nd quarter. Squarepoint Ops LLC now owns 48,788 shares of the construction company's stock valued at $6,835,000 after purchasing an additional 2,281 shares in the last quarter. Castleark Management LLC bought a new stake in Limbach during the 2nd quarter valued at about $2,962,000. Tower Research Capital LLC TRC increased its stake in Limbach by 51.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,397 shares of the construction company's stock valued at $336,000 after purchasing an additional 812 shares in the last quarter. Finally, Ewing Morris & Co. Investment Partners Ltd. bought a new stake in Limbach during the 2nd quarter valued at about $448,000. 55.85% of the stock is currently owned by 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.