Limbach Holdings, Inc. $LMB Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. decreased its position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 95.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,900 shares of the construction company’s stock after selling 289,321 shares during the quarter. Rockefeller Capital Management L.P. owned 0.12% of Limbach worth $1,947,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cetera Investment Advisers acquired a new stake in Limbach during the 2nd quarter valued at approximately $421,000. Creative Planning purchased a new position in shares of Limbach during the second quarter worth $857,000. Police & Firemen s Retirement System of New Jersey raised its holdings in shares of Limbach by 15.0% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 2,379 shares of the construction company’s stock worth $333,000 after purchasing an additional 311 shares during the last quarter. Geode Capital Management LLC lifted its position in Limbach by 6.6% during the second quarter. Geode Capital Management LLC now owns 269,271 shares of the construction company’s stock valued at $37,730,000 after purchasing an additional 16,579 shares during the period. Finally, ProShare Advisors LLC purchased a new stake in Limbach in the second quarter valued at $305,000. Institutional investors and hedge funds own 55.85% of the company’s stock.

Limbach Stock Performance

NASDAQ LMB opened at $66.72 on Tuesday. The stock has a market capitalization of $775.75 million, a price-to-earnings ratio of 22.77 and a beta of 1.36. The stock has a 50-day moving average of $89.09 and a 200 day moving average of $114.43. 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 Holdings, Inc. has a twelve month low of $63.02 and a twelve month high of $154.05.

Limbach (NASDAQ:LMB) last issued its quarterly earnings data on Tuesday, November 4th. The construction company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.04). The business had revenue of $184.58 million during the quarter, compared to analyst estimates of $184.48 million. Limbach had a net margin of 6.38% and a return on equity of 29.38%. The firm’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 earnings per share. Limbach has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wall Street Zen lowered Limbach from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Zacks Research downgraded Limbach from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Weiss Ratings lowered Limbach from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Finally, Stifel Nicolaus dropped their price objective on shares of Limbach from $146.00 to $132.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Limbach presently has an average rating of “Hold” and a consensus price target of $144.00.

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.