Saturna Capital Corp Sells 977 Shares of Limbach Holdings, Inc. $LMB

Saturna Capital Corp lessened its stake in Limbach Holdings, Inc. (NASDAQ:LMB) by 12.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 6,867 shares of the construction company’s stock after selling 977 shares during the quarter. Saturna Capital Corp’s holdings in Limbach were worth $962,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in LMB. Comerica Bank increased its holdings in Limbach by 24.0% during the first 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. Opal Wealth Advisors LLC bought a new position in shares of Limbach in the 2nd quarter valued at about $32,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Limbach by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,059 shares of the construction company’s stock worth $451,000 after purchasing an additional 241 shares during the last quarter. KLP Kapitalforvaltning AS raised its holdings in shares of Limbach by 16.7% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 2,100 shares of the construction company’s stock valued at $294,000 after purchasing an additional 300 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey raised its holdings in shares of Limbach by 15.0% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 2,379 shares of the construction company’s stock valued at $333,000 after purchasing an additional 311 shares during the period. 55.85% of the stock is owned by institutional investors.

Limbach Trading Down 0.7%

Shares of NASDAQ:LMB opened at $68.68 on Wednesday. The business has a 50 day moving average of $92.05 and a 200-day moving average of $115.77. The stock has a market cap of $798.54 million, a PE ratio of 23.44 and a beta of 1.36. Limbach Holdings, Inc. has a 12-month low of $63.02 and a 12-month high of $154.05. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.17.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wall Street Zen cut Limbach from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Limbach in a research note on Wednesday, October 8th. Zacks Research lowered Limbach from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Finally, Stifel Nicolaus cut their price target on Limbach from $146.00 to $132.00 and set a “buy” rating for the company in a report on Monday, October 13th. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.