Limbach (NASDAQ:LMB) Stock Price Down 4.2% - What's Next?

Key Points

• Limbach Holdings, Inc. shares fell 4.2% on Tuesday, trading as low as $97.75, with an average daily volume decline of 77% from 222,524 shares.
• Despite the recent drop, analysts maintain a positive outlook, with an average rating of "Buy" and a price target of $127.33.
• The company reported earnings per share of $0.93 for the last quarter, exceeding estimates, while year-over-year revenue increased by 16.4%.

Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report)'s stock price traded down 4.2% on Tuesday . The stock traded as low as $97.75 and last traded at $99.07. 50,812 shares were traded during trading, a decline of 77% from the average session volume of 222,524 shares. The stock had previously closed at $103.41.

Analyst Upgrades and Downgrades

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

Limbach Stock Performance

The stock's 50-day moving average price is $119.57 and its 200 day moving average price is $112.44. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.17. The company has a market cap of $1.23 billion, a P/E ratio of 36.01 and a beta of 1.06.

Limbach (NASDAQ:LMB - Get Free Report) last posted its earnings results 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 business had revenue of $142.24 million for the quarter, compared to analyst estimates of $144.21 million. During the same period last year, the business posted $0.73 EPS. Limbach's revenue was up 16.4% compared to the same quarter last year. Limbach has set its FY 2025 guidance at EPS. As a group, research analysts expect that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Limbach

Hedge funds have recently modified their holdings of the business. Opal Wealth Advisors LLC acquired a new stake in shares of Limbach in the second quarter worth $32,000. Versant Capital Management Inc boosted its holdings in Limbach by 592.6% in the 1st quarter. Versant Capital Management Inc now owns 374 shares of the construction company's stock valued at $28,000 after purchasing an additional 320 shares during the period. Legacy Advisors LLC acquired a new stake in Limbach in the 1st quarter worth $30,000. AlphaQuest LLC bought a new position in shares of Limbach during the 1st quarter worth about $53,000. Finally, AdvisorShares Investments LLC acquired a new position in shares of Limbach during the second quarter valued at about $114,000. 55.85% of the stock is 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.