Nadler Financial Group Inc. Invests $240,000 in Limbach Holdings, Inc. $LMB

Nadler Financial Group Inc. acquired a new position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 1,715 shares of the construction company’s stock, valued at approximately $240,000.

Several other institutional investors have also modified their holdings of LMB. Legacy Advisors LLC purchased a new stake in shares of Limbach during the 1st quarter worth $30,000. Opal Wealth Advisors LLC purchased a new stake in Limbach in the second quarter valued at $32,000. AlphaQuest LLC purchased a new stake in Limbach in the first quarter valued at $53,000. Comerica Bank lifted its position in 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 acquiring an additional 167 shares during the last quarter. Finally, FAS Wealth Partners Inc. purchased a new stake in Limbach in the first quarter valued at $216,000. 55.85% of the stock is owned by hedge funds and other institutional investors.

Limbach Trading Up 1.4%

NASDAQ LMB opened at $92.09 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market cap of $1.07 billion, a PE ratio of 31.43 and a beta of 1.42. Limbach Holdings, Inc. has a one year low of $63.02 and a one year high of $154.05. The firm’s fifty day moving average is $106.28 and its two-hundred day moving average is $114.72.

Limbach (NASDAQ:LMB) last posted its quarterly earnings data on Tuesday, August 5th. The construction company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.12. The company had revenue of $142.24 million for 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 quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.73 earnings per share. Limbach has set its FY 2025 guidance at EPS. Analysts expect that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

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

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.