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 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 177,820 shares of the construction company’s stock after buying an additional 20,625 shares during the period. Bessemer Group Inc. owned about 1.53% of Limbach worth $24,912,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Comerica Bank lifted its stake in shares of Limbach by 24.0% in the first quarter. Comerica Bank now owns 862 shares of the construction company’s stock valued at $64,000 after buying an additional 167 shares during the period. Opal Wealth Advisors LLC bought a new stake in shares of Limbach in the second quarter valued at about $32,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Limbach by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,059 shares of the construction company’s stock valued at $451,000 after buying an additional 241 shares during the period. KLP Kapitalforvaltning AS lifted its stake in shares of Limbach by 16.7% in the second quarter. KLP Kapitalforvaltning AS now owns 2,100 shares of the construction company’s stock valued at $294,000 after buying an additional 300 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Limbach by 3.1% in the first quarter. Rhumbline Advisers now owns 14,498 shares of the construction company’s stock valued at $1,080,000 after buying an additional 433 shares during the period. Institutional investors own 55.85% of the company’s stock.

Analyst Ratings Changes

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

Limbach Stock Performance

NASDAQ LMB opened at $97.97 on Wednesday. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 33.44 and a beta of 1.42. The company has a 50 day moving average of $101.95 and a 200-day moving average of $116.35. 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 1-year low of $63.02 and a 1-year high of $154.05.

Limbach (NASDAQ:LMB) last posted its quarterly earnings data on Tuesday, August 5th. The construction company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.12. The company 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%. The company’s revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the business posted $0.73 earnings per share. Limbach has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal 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.