Limbach (NASDAQ:LMB) Announces Quarterly Earnings Results
Limbach (NASDAQ:LMB) announced its quarterly earnings, reporting an EPS of $1.05, missing the consensus estimate of $1.09. The company achieved a net margin of 6.38% and a return on equity of 29.38%, with revenue up 37.8% year-over-year. Limbach updated its FY 2025 guidance and has a market cap of $1.06 billion. Analysts maintain a consensus rating of "Buy" with a price target of $144.00. Institutional investors hold 55.85% of the stock, with recent increases in stakes from several hedge funds.
Limbach (NASDAQ:LMB - Get Free Report) posted 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 return on equity of 29.38% and a net margin of 6.38%.During the same quarter last year, the business earned $0.62 earnings per share. The business's revenue for the quarter was up 37.8% compared to the same quarter last year. Limbach updated its FY 2025 guidance to EPS.
Limbach Price Performance
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. 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 company has a market capitalization of $1.06 billion, a PE ratio of 30.99 and a beta of 1.42. Limbach has a twelve month low of $63.02 and a twelve month high of $154.05. The firm's 50-day simple moving average is $99.38 and its 200-day simple moving average is $116.97.
Institutional Investors Weigh In On Limbach
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LMB. Comerica Bank increased its position in Limbach by 24.0% in the 1st quarter. Comerica Bank now owns 862 shares of the construction company's stock valued at $64,000 after acquiring an additional 167 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Limbach by 59.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,131 shares of the construction company's stock valued at $158,000 after purchasing an additional 423 shares during the last quarter. Prudential Financial Inc. bought a new position in shares of Limbach in the 2nd quarter valued at about $256,000. Brevan Howard Capital Management LP bought a new position in shares of Limbach in the 2nd quarter valued at about $278,000. Finally, Tidal Investments LLC bought a new position in shares of Limbach in the 2nd quarter valued at about $280,000. Institutional investors and hedge funds own 55.85% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Limbach from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 5th. Weiss Ratings restated a "buy (b-)" rating on shares of Limbach in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus dropped 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. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Limbach has a consensus rating of "Buy" and a consensus price target of $144.00.
View Our Latest Stock Analysis on LMB
About Limbach
(Get Free Report)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.
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