Globeflex Capital L P Trims Stake in Limbach Holdings, Inc. $LMB

Globeflex Capital L P reduced its stake in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 34.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,645 shares of the construction company's stock after selling 21,796 shares during the quarter. Globeflex Capital L P owned approximately 0.36% of Limbach worth $5,834,000 at the end of the most recent quarter.Several other hedge funds have also bought and sold shares of the stock. Invesco Ltd. increased its position in Limbach by 2,041.6% in the second 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 in the last quarter. First Trust Advisors LP grew its stake in shares of Limbach by 1,192.1% during the 2nd quarter. First Trust Advisors LP now owns 411,180 shares of the construction company's stock valued at $57,606,000 after acquiring an additional 379,357 shares during the period. Lord Abbett & CO. LLC bought a new position in shares of Limbach during the 1st quarter valued at approximately $9,693,000. Northern Trust Corp increased its holdings in Limbach by 81.7% in the 1st quarter. Northern Trust Corp now owns 166,716 shares of the construction company's stock worth $12,415,000 after acquiring an additional 74,986 shares in the last quarter. Finally, Driehaus Capital Management LLC bought a new stake in Limbach during the 1st quarter worth approximately $4,965,000. Institutional investors own 55.85% of the company's stock. Limbach Price PerformanceShares of NASDAQ:LMB opened at $76.61 on Friday. The firm has a market cap of $890.97 million, a price-to-earnings ratio of 25.20 and a beta of 1.26. The firm has a fifty day moving average price of $82.66 and a 200 day moving average price of $109.83. 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 debt-to-equity ratio of 0.31, a quick ratio of 1.43 and a current ratio of 1.43. Limbach (NASDAQ:LMB - Get Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The construction company reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.09 by ($0.04). The company had revenue of $184.58 million during the quarter, compared to the consensus estimate of $184.48 million. Limbach had a net margin of 6.06% and a return on equity of 30.80%. The business's revenue was up 37.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.62 earnings per share. As a group, sell-side analysts expect that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year. Wall Street Analysts Forecast GrowthA number of equities analysts have weighed in on the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of Limbach in a research report on Wednesday. Zacks Research cut shares of Limbach from a "hold" rating to a "strong sell" rating in a research note on Friday, November 7th. Wall Street Zen downgraded shares of Limbach from a "strong-buy" rating to a "buy" rating in a report on Saturday, November 8th. Finally, Stifel Nicolaus cut their price target on Limbach from $146.00 to $132.00 and set a "buy" rating for the company in a research note on Monday, October 13th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $144.00.Check Out Our Latest Research Report on LMBLimbach Profile (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.Further ReadingFive stocks we like better than LimbachWhat is the MACD Indicator and How to Use it in Your Trading3 Recently Downgraded Stocks to Avoid in 2026What is the Dogs of the Dow Strategy? Overview and ExamplesThe Chip Boom Is Back: 3 Stocks Positioned for Huge GainsBasic Materials Stocks InvestingOracle Stock Hit Hard: Why Its AI Pipeline Could Drive a 2026 RallyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Limbach Right Now?Before you consider Limbach, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Limbach wasn't on the list.While Limbach currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here