Prospera Financial Services Inc Acquires Shares of 2,250 Limbach Holdings, Inc. $LMB

Prospera Financial Services Inc bought a new stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,250 shares of the construction company’s stock, valued at approximately $315,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LMB. Vanguard Group Inc. grew its position in Limbach by 4.9% during the first quarter. Vanguard Group Inc. now owns 634,082 shares of the construction company’s stock valued at $47,220,000 after buying an additional 29,685 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Limbach by 2.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 289,819 shares of the construction company’s stock valued at $21,583,000 after acquiring an additional 7,771 shares during the period. Royce & Associates LP increased its stake in shares of Limbach by 25.7% during the 1st quarter. Royce & Associates LP now owns 254,500 shares of the construction company’s stock worth $18,953,000 after purchasing an additional 52,030 shares during the last quarter. Next Century Growth Investors LLC raised its holdings in shares of Limbach by 18.0% in the 1st quarter. Next Century Growth Investors LLC now owns 184,426 shares of the construction company’s stock worth $13,734,000 after purchasing an additional 28,076 shares during the period. Finally, Bessemer Group Inc. raised its holdings in shares of Limbach by 13.1% in the 2nd quarter. Bessemer Group Inc. now owns 177,820 shares of the construction company’s stock worth $24,912,000 after purchasing an additional 20,625 shares during the period. 55.85% of the stock is owned by hedge funds and other institutional investors.

Limbach Stock Performance

Shares of LMB opened at $71.12 on Friday. Limbach Holdings, Inc. has a 52-week low of $63.02 and a 52-week high of $154.05. The stock’s 50-day simple moving average is $93.46 and its 200 day simple moving average is $116.08. 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 stock has a market capitalization of $826.91 million, a price-to-earnings ratio of 24.27 and a beta of 1.36.

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

Wall Street Analyst Weigh In

LMB has been the subject of several research reports. Zacks Research downgraded Limbach from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Limbach in a research note on Wednesday, October 8th. Wall Street Zen cut Limbach from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Stifel Nicolaus dropped their price objective on shares of Limbach from $146.00 to $132.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.