Brokerages Set Limbach Holdings, Inc. (NASDAQ:LMB) Target Price at $122.67

Shares of Limbach Holdings, Inc. (NASDAQ:LMB) have been assigned a consensus recommendation of “Buy” from the five research firms that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have issued a report on the stock in the last year is $122.6667.

Several equities research analysts recently commented on LMB shares. Wall Street Zen upgraded Limbach from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 5th. Stifel Nicolaus cut their target price on Limbach from $146.00 to $132.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Limbach in a research report on Wednesday, October 8th.

Institutional Investors Weigh In On Limbach

Several institutional investors and hedge funds have recently made changes to their positions in the business. FAS Wealth Partners Inc. boosted its position in shares of Limbach by 48.3% during the 3rd quarter. FAS Wealth Partners Inc. now owns 4,297 shares of the construction company’s stock valued at $417,000 after purchasing an additional 1,400 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Limbach by 85.0% during the 3rd quarter. SG Americas Securities LLC now owns 1,630 shares of the construction company’s stock valued at $158,000 after purchasing an additional 749 shares in the last quarter. Moran Wealth Management LLC boosted its position in shares of Limbach by 5.7% during the 3rd quarter. Moran Wealth Management LLC now owns 7,214 shares of the construction company’s stock valued at $701,000 after purchasing an additional 388 shares in the last quarter. Accurate Wealth Management LLC boosted its position in shares of Limbach by 28.6% during the 3rd quarter. Accurate Wealth Management LLC now owns 3,000 shares of the construction company’s stock valued at $275,000 after purchasing an additional 667 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in shares of Limbach by 59.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 4,882 shares of the construction company’s stock valued at $474,000 after purchasing an additional 1,812 shares in the last quarter. Institutional investors own 55.85% of the company’s stock.

Limbach Trading Down 1.6%

NASDAQ LMB opened at $94.48 on Tuesday. The business’s 50-day moving average price is $100.53 and its two-hundred day moving average price is $116.67. Limbach has a 12 month low of $63.02 and a 12 month high of $154.05. The firm has a market capitalization of $1.10 billion, a PE ratio of 32.25 and a beta of 1.42. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.17.

Limbach (NASDAQ:LMB) last released its quarterly earnings results on Tuesday, August 5th. The construction company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.12. Limbach had a return on equity of 29.38% and a net margin of 6.38%.The firm had revenue of $142.24 million for the quarter, compared to analyst estimates of $144.21 million. During the same quarter in the previous year, the company posted $0.73 EPS. The business’s revenue was up 16.4% on a year-over-year basis. Limbach has set its FY 2025 guidance at EPS. On average, analysts expect that Limbach 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.