Analysts Set Limbach Holdings, Inc. (NASDAQ:LMB) Target Price at $127.33

Limbach Holdings, Inc. (NASDAQ:LMB) has been given an average rating of “Buy” by the five analysts that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have covered the stock in the last year is $127.3333.

LMB has been the topic of a number of research analyst reports. Stifel Nicolaus set a $146.00 target price on Limbach in a report on Wednesday, August 6th. Wall Street Zen raised Limbach from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 5th. Lake Street Capital boosted their target price on Limbach from $125.00 to $156.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Limbach in a report on Saturday, September 27th.

Limbach Price Performance

LMB opened at $89.22 on Friday. Limbach has a 1 year low of $63.02 and a 1 year high of $154.05. The company’s 50 day simple moving average is $111.43 and its 200 day simple moving average is $114.22. The stock has a market capitalization of $1.04 billion, a PE ratio of 30.45 and a beta of 1.42. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.69 and a current ratio of 1.69.

Limbach (NASDAQ:LMB) last issued its quarterly earnings results on Tuesday, August 5th. The construction company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.81 by $0.12. The firm had revenue of $142.24 million during the quarter, compared to analyst estimates of $144.21 million. Limbach had a net margin of 6.38% and a return on equity of 29.38%. Limbach’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.73 earnings per share. Limbach has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Limbach will post 2.54 EPS for the current year.

Institutional Trading of Limbach

A number of institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc increased its holdings in Limbach by 592.6% in the 1st quarter. Versant Capital Management Inc now owns 374 shares of the construction company’s stock valued at $28,000 after purchasing an additional 320 shares in the last quarter. Legacy Advisors LLC purchased a new stake in shares of Limbach in the first quarter worth about $30,000. Opal Wealth Advisors LLC acquired a new stake in shares of Limbach in the second quarter valued at about $32,000. AlphaQuest LLC acquired a new position in Limbach during the 1st quarter worth approximately $53,000. Finally, Comerica Bank lifted its position in Limbach by 24.0% during the 1st quarter. Comerica Bank now owns 862 shares of the construction company’s stock worth $64,000 after acquiring an additional 167 shares in the last quarter. 55.85% of the stock is owned by hedge funds and other institutional investors.

Limbach Company Profile

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.