Limbach (NASDAQ:LMB) Issues Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Limbach (NASDAQ:LMB) issued its quarterly earnings results on Tuesday. The construction company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.04), Zacks reports. Limbach had a net margin of 6.38% and a return on equity of 29.38%. During the same period in the prior year, the business earned $0.62 EPS. Limbach’s revenue was up 37.8% compared to the same quarter last year. Limbach updated its FY 2025 guidance to EPS.

Limbach Trading Down 2.8%

Shares of NASDAQ:LMB traded down $2.65 during midday trading on Tuesday, hitting $90.80. The company had a trading volume of 171,506 shares, compared to its average volume of 217,766. Limbach has a 12 month low of $63.02 and a 12 month high of $154.05. The firm has a fifty day simple moving average of $99.38 and a 200 day simple moving average of $116.97. 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 stock has a market cap of $1.06 billion, a price-to-earnings ratio of 30.99 and a beta of 1.42.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded Limbach from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 5th. Stifel Nicolaus reduced their price objective on shares of Limbach from $146.00 to $132.00 and set a “buy” rating for the company in a report on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Limbach in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Limbach currently has a consensus rating of “Buy” and a consensus price target of $144.00.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Invesco Ltd. raised its stake in Limbach by 2,041.6% during the 2nd quarter. Invesco Ltd. now owns 400,603 shares of the construction company’s stock worth $56,124,000 after buying an additional 381,897 shares during the period. Wasatch Advisors LP raised its stake in Limbach by 59.2% during the 2nd quarter. Wasatch Advisors LP now owns 638,879 shares of the construction company’s stock worth $89,507,000 after buying an additional 237,475 shares during the period. Makaira Partners LLC acquired a new stake in Limbach during the 2nd quarter worth $7,319,000. Federated Hermes Inc. raised its stake in Limbach by 36,925.7% during the 2nd quarter. Federated Hermes Inc. now owns 27,399 shares of the construction company’s stock worth $3,839,000 after buying an additional 27,325 shares during the period. Finally, Ameriprise Financial Inc. acquired a new stake in Limbach during the 2nd quarter worth $2,824,000. Institutional investors and hedge funds own 55.85% of the company’s stock.

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.