2,727 Shares in Limbach Holdings, Inc. $LMB Purchased by Atria Investments Inc

Atria Investments Inc acquired a new stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB) in the 2nd quarter, HoldingsChannel reports. The firm acquired 2,727 shares of the construction company’s stock, valued at approximately $382,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its stake in shares of Limbach by 7.5% during the first quarter. Principal Financial Group Inc. now owns 13,873 shares of the construction company’s stock worth $1,033,000 after purchasing an additional 963 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Limbach by 259.3% in the 1st quarter. Teacher Retirement System of Texas now owns 12,408 shares of the construction company’s stock valued at $924,000 after buying an additional 8,955 shares during the period. Northern Trust Corp increased its stake in Limbach by 81.7% in the 1st quarter. Northern Trust Corp now owns 166,716 shares of the construction company’s stock valued at $12,415,000 after buying an additional 74,986 shares during the period. FAS Wealth Partners Inc. purchased a new position in Limbach during the 1st quarter worth $216,000. Finally, Caxton Associates LLP acquired a new stake in shares of Limbach in the 1st quarter worth $416,000. 55.85% of the stock is owned by institutional investors and hedge funds.

Limbach Trading Down 1.3%

Shares of LMB opened at $77.05 on Wednesday. Limbach Holdings, Inc. has a twelve month low of $63.02 and a twelve month high of $154.05. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $895.86 million, a P/E ratio of 26.30 and a beta of 1.36. The firm’s 50-day moving average is $95.59 and its two-hundred day moving average is $116.64.

Limbach (NASDAQ:LMB) last announced its quarterly earnings results on Tuesday, November 4th. The construction company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.04). The firm had revenue of $184.58 million for the quarter, compared to analysts’ expectations of $184.48 million. Limbach had a return on equity of 29.38% and a net margin of 6.38%.Limbach’s revenue was up 37.8% compared to the same quarter last year. During the same period last year, the firm earned $0.62 EPS. Limbach has set its FY 2025 guidance at EPS. On average, research analysts predict that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LMB has been the topic of a number of recent analyst reports. Zacks Research lowered shares of Limbach from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Stifel Nicolaus lowered their price objective on Limbach from $146.00 to $132.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Limbach in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut Limbach from a “strong-buy” rating to a “buy” rating in a report on Saturday. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently 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.