Limbach (NASDAQ:LMB) Stock Price Down 3.8% - Time to Sell?

Key Points

• Limbach Holdings, Inc. shares fell 3.8% to $100.89, with significant trading volume decline of 92% compared to the average.
• Analysts maintain a positive outlook, with four analysts rating the stock as a 'Buy' and a consensus target price of $127.33.
• Invesco Ltd. and First Trust Advisors LP significantly increased their holdings in Limbach, with increases of 2,041.6% and 1,192.1%, respectively.

Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report) shares fell 3.8% during mid-day trading on Tuesday . The company traded as low as $102.69 and last traded at $100.89. 17,583 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 222,953 shares. The stock had previously closed at $104.89.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Stifel Nicolaus set a $146.00 price objective on Limbach in a report on Wednesday, August 6th. Lake Street Capital increased their target price on Limbach from $125.00 to $156.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Finally, Wall Street Zen raised Limbach from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 5th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $127.33.

Limbach Trading Down 9.5%

The stock has a market capitalization of $1.10 billion, a PE ratio of 32.39 and a beta of 1.06. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.17. The company has a 50 day simple moving average of $118.68 and a 200 day simple moving average of $113.18.

Limbach (NASDAQ:LMB - Get Free Report) last issued its earnings results on Tuesday, August 5th. The construction company reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.12. The firm had revenue of $142.24 million for the quarter, compared to analysts' expectations of $144.21 million. Limbach had a return on equity of 29.38% and a net margin of 6.38%.The firm's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.73 earnings per share. Limbach has set its FY 2025 guidance at EPS. Analysts predict that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

Institutional Trading of Limbach

Several hedge funds have recently modified their holdings of the stock. Invesco Ltd. grew its position in 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. First Trust Advisors LP boosted 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 last quarter. Wasatch Advisors LP raised its holdings in Limbach by 59.2% during the second 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 last quarter. Bessemer Group Inc. purchased a new stake in shares of Limbach in the first quarter valued at about $11,705,000. Finally, Lord Abbett & CO. LLC bought a new position in Limbach during the first quarter worth about $9,693,000. 55.85% of the stock is owned by institutional investors.

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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