RoundAngle Advisors LLC Reduces Stock Position in Limbach Holdings, Inc. $LMB

RoundAngle Advisors LLC reduced its holdings in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 46.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,981 shares of the construction company’s stock after selling 2,563 shares during the quarter. RoundAngle Advisors LLC’s holdings in Limbach were worth $418,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. purchased a new stake in Limbach in the 1st quarter worth approximately $11,705,000. Lord Abbett & CO. LLC purchased a new stake in Limbach in the 1st quarter worth approximately $9,693,000. Northern Trust Corp lifted its stake in Limbach by 81.7% in the 1st quarter. Northern Trust Corp now owns 166,716 shares of the construction company’s stock worth $12,415,000 after purchasing an additional 74,986 shares in the last quarter. CenterBook Partners LP purchased a new stake in Limbach in the 1st quarter worth approximately $5,180,000. Finally, Driehaus Capital Management LLC purchased a new stake in Limbach in the 1st quarter worth approximately $4,965,000. 55.85% of the stock is currently owned by hedge funds and other institutional investors.

Limbach Stock Performance

Limbach stock opened at $90.86 on Monday. 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 firm has a 50-day moving average of $107.14 and a 200-day moving average of $114.61. The firm has a market cap of $1.06 billion, a P/E ratio of 31.01 and a beta of 1.42. Limbach Holdings, Inc. has a 1-year low of $63.02 and a 1-year high of $154.05.

Limbach (NASDAQ:LMB) last posted its earnings results on Tuesday, August 5th. The construction company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.12. The company had revenue of $142.24 million during the quarter, compared to analyst estimates of $144.21 million. Limbach had a net margin of 6.38% and a return on equity of 29.38%. Limbach’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 earnings per share. Limbach has set its FY 2025 guidance at EPS. Sell-side analysts expect that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on LMB shares. Wall Street Zen upgraded shares of Limbach from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 5th. Stifel Nicolaus set a $146.00 price objective on shares of Limbach in a research report on Wednesday, August 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Limbach in a research report on Wednesday, October 8th. Finally, Lake Street Capital raised their price objective on shares of Limbach from $125.00 to $156.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, Limbach presently has an average rating of “Buy” and a consensus price target of $127.33.

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.