Kerrisdale Advisers LLC bought a new stake in Limbach Holdings, Inc. (NASDAQ:LMB – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,510 shares of the construction company’s stock, valued at approximately $1,579,000. Kerrisdale Advisers LLC owned about 0.17% of Limbach as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its position in shares of Limbach by 23.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 687 shares of the construction company’s stock valued at $53,000 after purchasing an additional 130 shares during the last quarter. Comerica Bank lifted its position in Limbach by 24.0% in the 1st quarter. Comerica Bank now owns 862 shares of the construction company’s stock worth $64,000 after buying an additional 167 shares during the last quarter. State of Wyoming bought a new stake in Limbach in the 2nd quarter worth approximately $71,000. Fifth Third Bancorp purchased a new stake in Limbach in the first quarter worth approximately $85,000. Finally, Royal Bank of Canada grew its position in Limbach by 34.5% during the fourth quarter. Royal Bank of Canada now owns 1,445 shares of the construction company’s stock valued at $113,000 after acquiring an additional 371 shares during the last quarter. Institutional investors own 55.85% of the company’s stock.
Insider Buying and Selling
In related news, EVP Jay Sharp sold 4,871 shares of Limbach stock in a transaction on Monday, June 15th. The shares were sold at an average price of $79.82, for a total value of $388,803.22. Following the sale, the executive vice president owned 73,456 shares in the company, valued at $5,863,257.92. The trade was a 6.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 7.00% of the stock is owned by insiders.
Limbach Stock Performance
Limbach (NASDAQ:LMB – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The construction company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.29). The business had revenue of $173.46 million for the quarter, compared to the consensus estimate of $177.33 million. Limbach had a net margin of 4.42% and a return on equity of 23.22%. Sell-side analysts expect that Limbach Holdings, Inc. will post 4.17 EPS for the current year.
Analyst Upgrades and Downgrades
LMB has been the subject of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Limbach in a report on Wednesday, August 5th. Wall Street Zen cut shares of Limbach from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research downgraded shares of Limbach from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. Stifel Nicolaus reduced their price objective on Limbach from $107.00 to $86.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. Finally, JPMorgan Chase & Co. downgraded Limbach from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $60.00 to $50.00 in a report on Friday, August 21st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Limbach currently has a consensus rating of “Reduce” and a consensus target price of $62.00.
Read Our Latest Stock Report on LMB
Limbach Company Profile
Limbach Holdings, Inc (NASDAQ: LMB) is a U.S.-based mechanical construction firm specializing in the design, installation and maintenance of heating, ventilation and air conditioning (HVAC) systems, piping, plumbing and sheet metal fabrication. The company delivers comprehensive mechanical solutions to commercial, institutional, health care, education, government and industrial clients, drawing on its in-house engineering, prefabrication and construction management capabilities.
The company’s service offerings encompass full-scope mechanical construction, including energy system design, direct digital controls and building automation, retrofits, testing and balancing, preventive maintenance programs and emergency response services.
Featured Articles
- Five stocks we like better than Limbach
- Strike a Balance Between Growth and Stability With These 3 Names Ready to Rally
- Rubrik’s AI Security Bet Could Power the Next Leg Higher
- Apple’s Foldable iPhone Could Be a Catalyst, But Not a Cure-All
- Snowflake Is Up Nearly 50% in 2026—What Are Short Sellers Betting Against?
Want to see what other hedge funds are holding LMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Limbach Holdings, Inc. (NASDAQ:LMB – Free Report).
Receive News & Ratings for Limbach Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Limbach and related companies with MarketBeat.com's FREE daily email newsletter.
