Bosun Asset Management LLC Has $1.49 Million Position in Limbach Holdings, Inc. $LMB

Bosun Asset Management LLC cut its stake in Limbach Holdings, Inc. (NASDAQ:LMB) by 28.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,046 shares of the construction company’s stock after selling 7,954 shares during the quarter. Bosun Asset Management LLC owned approximately 0.17% of Limbach worth $1,493,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of LMB. Allspring Global Investments Holdings LLC increased its position in Limbach by 10.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 33,009 shares of the construction company’s stock worth $2,483,000 after purchasing an additional 3,034 shares during the last quarter. GAMMA Investing LLC lifted its stake in Limbach by 16,413.0% in the first quarter. GAMMA Investing LLC now owns 3,798 shares of the construction company’s stock valued at $283,000 after acquiring an additional 3,775 shares during the last quarter. Principal Financial Group Inc. grew its position in Limbach by 7.5% in the first quarter. Principal Financial Group Inc. now owns 13,873 shares of the construction company’s stock worth $1,033,000 after acquiring an additional 963 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Limbach by 259.3% during the 1st quarter. Teacher Retirement System of Texas now owns 12,408 shares of the construction company’s stock worth $924,000 after purchasing an additional 8,955 shares during the last quarter. Finally, ProShare Advisors LLC acquired a new position in shares of Limbach during the 4th quarter worth $246,000. 55.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LMB has been the subject of a number of recent research reports. Roth Capital reiterated a “buy” rating on shares of Limbach in a report on Wednesday, May 7th. Stifel Nicolaus set a $146.00 price objective on Limbach in a report on Wednesday, August 6th. Lake Street Capital boosted their target price on Limbach from $125.00 to $156.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Finally, Wall Street Zen cut Limbach from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 16th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $127.33.

Insider Activity at Limbach

In other Limbach news, insider Jay Sharp sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $137.49, for a total value of $274,980.00. Following the completion of the sale, the insider owned 69,877 shares in the company, valued at approximately $9,607,388.73. This trade represents a 2.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 10.20% of the company’s stock.

Limbach Stock Down 2.2%

LMB opened at $108.56 on Thursday. Limbach Holdings, Inc. has a 1-year low of $59.59 and a 1-year high of $154.05. The business has a 50 day moving average of $129.12 and a 200-day moving average of $110.55. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 37.05 and a beta of 1.06. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.17.

Limbach (NASDAQ:LMB) last issued its quarterly earnings results on Tuesday, August 5th. The construction company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.12. Limbach had a net margin of 6.38% and a return on equity of 29.38%. The firm had revenue of $142.24 million during the quarter, compared to the consensus estimate of $144.21 million. During the same period in the prior year, the firm earned $0.73 EPS. The business’s revenue was up 16.4% on a year-over-year basis. Limbach has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

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.