FY2025 Earnings Forecast for Limbach Issued By Roth Capital

Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) - Equities research analysts at Roth Capital raised their FY2025 earnings per share estimates for Limbach in a report issued on Wednesday, May 7th. Roth Capital analyst G. Sweeney now expects that the construction company will post earnings per share of $4.22 for the year, up from their previous estimate of $3.75. Roth Capital currently has a "Buy" rating on the stock. The consensus estimate for Limbach's current full-year earnings is $2.54 per share.

Limbach (NASDAQ:LMB - Get Free Report) last issued its earnings results on Monday, May 5th. The construction company reported $1.12 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.82. The business had revenue of $133.11 million for the quarter, compared to the consensus estimate of $121.06 million. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The company's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 EPS.

LMB has been the subject of a number of other research reports. Lake Street Capital boosted their price objective on shares of Limbach from $100.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Stifel Nicolaus set a $103.00 price target on Limbach in a research report on Wednesday, March 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Limbach presently has an average rating of "Moderate Buy" and a consensus target price of $102.67.

Limbach Stock Up 0.5%

NASDAQ LMB traded up $0.65 during trading on Monday, reaching $122.82. 253,900 shares of the company's stock traded hands, compared to its average volume of 177,943. Limbach has a 12-month low of $47.22 and a 12-month high of $128.17. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 55.83, a price-to-earnings-growth ratio of 2.22 and a beta of 1.08. The company's 50 day simple moving average is $86.28 and its two-hundred day simple moving average is $89.71.

Insider Activity at Limbach

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $75.43, for a total transaction of $1,915,922.00. Following the completion of the transaction, the director now directly owns 164,600 shares of the company's stock, valued at approximately $12,415,778. This trade represents a 13.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 9.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Limbach

Institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC lifted its holdings in Limbach by 385.4% in the third quarter. Barclays PLC now owns 16,879 shares of the construction company's stock valued at $1,278,000 after acquiring an additional 13,402 shares during the period. Moody Aldrich Partners LLC acquired a new position in shares of Limbach in the 4th quarter valued at $4,430,000. US Bancorp DE purchased a new stake in Limbach during the fourth quarter worth $115,000. JPMorgan Chase & Co. grew its position in Limbach by 15.6% during the third quarter. JPMorgan Chase & Co. now owns 5,194 shares of the construction company's stock valued at $393,000 after buying an additional 699 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Limbach by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 85,086 shares of the construction company's stock valued at $7,278,000 after buying an additional 1,141 shares during the period. Institutional investors and hedge funds 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.