Bessemer Group Inc. Has $24.91 Million Position in Limbach Holdings, Inc. $LMB

Bessemer Group Inc. lifted its stake in Limbach Holdings, Inc. (NASDAQ:LMB) by 13.1% in the second quarter, HoldingsChannel.com reports. The firm owned 177,820 shares of the construction company’s stock after purchasing an additional 20,625 shares during the quarter. Bessemer Group Inc.’s holdings in Limbach were worth $24,912,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Limbach by 10.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 33,009 shares of the construction company’s stock valued at $2,483,000 after purchasing an additional 3,034 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Limbach by 7.5% in the first quarter. Principal Financial Group Inc. now owns 13,873 shares of the construction company’s stock valued at $1,033,000 after purchasing an additional 963 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Limbach by 259.3% in the first quarter. Teacher Retirement System of Texas now owns 12,408 shares of the construction company’s stock valued at $924,000 after purchasing an additional 8,955 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Limbach by 81.7% in the first quarter. Northern Trust Corp now owns 166,716 shares of the construction company’s stock valued at $12,415,000 after purchasing an additional 74,986 shares in the last quarter. Finally, FAS Wealth Partners Inc. acquired a new stake in shares of Limbach in the first quarter valued at approximately $216,000. Institutional investors and hedge funds own 55.85% of the company’s stock.

Analyst Upgrades and Downgrades

LMB has been the subject of a number of analyst reports. Wall Street Zen raised shares of Limbach from a “buy” rating to a “strong-buy” rating in a report on Friday, September 5th. Stifel Nicolaus lowered their target price on shares of Limbach from $146.00 to $132.00 and set a “buy” rating for the company in a report on Monday, October 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Limbach in a report on Wednesday, October 8th. Finally, Lake Street Capital lifted their target price on shares of Limbach from $125.00 to $156.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $122.67.

Limbach Trading Down 1.2%

Shares of NASDAQ LMB opened at $97.97 on Wednesday. The company’s fifty day moving average is $101.95 and its 200-day moving average is $116.35. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 33.44 and a beta of 1.42. Limbach Holdings, Inc. has a twelve month low of $63.02 and a twelve month high of $154.05. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.17.

Limbach (NASDAQ:LMB) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $144.21 million. Limbach had a net margin of 6.38% and a return on equity of 29.38%. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period last year, the firm posted $0.73 earnings per share. Limbach has set its FY 2025 guidance at EPS. Equities research analysts predict that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

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.