AdvisorShares Investments LLC Purchases New Position in Limbach Holdings, Inc. $LMB

AdvisorShares Investments LLC purchased a new stake in Limbach Holdings, Inc. (NASDAQ:LMB) in the second quarter, HoldingsChannel reports. The fund purchased 811 shares of the construction company’s stock, valued at approximately $114,000.

Other institutional investors have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new stake in Limbach in the second quarter worth about $32,000. AlphaQuest LLC bought a new stake in Limbach in the first quarter worth about $53,000. Harbour Investments Inc. bought a new stake in Limbach in the second quarter worth about $115,000. Comerica Bank lifted its stake in Limbach by 24.0% in the first quarter. Comerica Bank now owns 862 shares of the construction company’s stock worth $64,000 after purchasing an additional 167 shares during the last quarter. Finally, Wedmont Private Capital bought a new stake in Limbach in the second quarter worth about $219,000. Institutional investors own 55.85% of the company’s stock.

Wall Street Analyst Weigh In

LMB has been the subject of several analyst reports. Wall Street Zen raised shares of Limbach from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Limbach in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus decreased their price objective on shares of Limbach from $146.00 to $132.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $122.67.

Limbach Stock Performance

Limbach stock opened at $94.48 on Friday. The company has a 50 day moving average price of $100.53 and a 200-day moving average price of $116.41. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.69 and a current ratio of 1.69. Limbach Holdings, Inc. has a fifty-two week low of $63.02 and a fifty-two week high of $154.05. The company has a market capitalization of $1.10 billion, a PE ratio of 32.25 and a beta of 1.42.

Limbach (NASDAQ:LMB) last posted its quarterly earnings results on Tuesday, August 5th. The construction company reported $0.93 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the firm posted $0.73 earnings per share. The company’s revenue was up 16.4% on a year-over-year basis. Limbach has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

Limbach 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.