Nadler Financial Group Inc. Invests $240,000 in Limbach Holdings, Inc. $LMB

Nadler Financial Group Inc. purchased a new position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,715 shares of the construction company’s stock, valued at approximately $240,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Comerica Bank increased its stake in shares of Limbach by 24.0% during the first quarter. Comerica Bank now owns 862 shares of the construction company’s stock worth $64,000 after acquiring an additional 167 shares during the period. Opal Wealth Advisors LLC acquired a new position in Limbach during the second quarter worth about $32,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Limbach by 4.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,059 shares of the construction company’s stock worth $451,000 after buying an additional 241 shares during the period. Brendel Financial Advisors LLC grew its position in Limbach by 8.9% during the first quarter. Brendel Financial Advisors LLC now owns 3,120 shares of the construction company’s stock worth $232,000 after buying an additional 256 shares during the period. Finally, KLP Kapitalforvaltning AS grew its position in Limbach by 16.7% during the second quarter. KLP Kapitalforvaltning AS now owns 2,100 shares of the construction company’s stock worth $294,000 after buying an additional 300 shares during the period. 55.85% of the stock is currently owned by institutional investors and hedge funds.

Limbach Stock Up 1.4%

Shares of NASDAQ LMB opened at $92.09 on Tuesday. Limbach Holdings, Inc. has a 12-month low of $63.02 and a 12-month high of $154.05. The company has a market capitalization of $1.07 billion, a PE ratio of 31.43 and a beta of 1.42. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.69 and a quick ratio of 1.69. The firm’s 50-day moving average is $106.28 and its two-hundred day moving average is $114.72.

Limbach (NASDAQ:LMB) last announced its quarterly earnings results on Tuesday, August 5th. The construction company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $144.21 million. During the same quarter in the prior year, the firm earned $0.73 earnings per share. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. Limbach has set its FY 2025 guidance at EPS. Equities analysts anticipate that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LMB has been the topic of several recent analyst reports. Lake Street Capital upped their target price on shares of Limbach from $125.00 to $156.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Stifel Nicolaus lowered their target price on shares of Limbach from $146.00 to $132.00 and set a “buy” rating on the stock in a research report on Monday. Wall Street Zen upgraded shares of Limbach from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 5th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Limbach in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $122.67.

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.