Isthmus Partners LLC Decreases Stock Position in Limbach Holdings, Inc. $LMB

Isthmus Partners LLC decreased its position in Limbach Holdings, Inc. (NASDAQ:LMB) by 22.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,320 shares of the construction company’s stock after selling 10,154 shares during the quarter. Isthmus Partners LLC owned 0.30% of Limbach worth $4,808,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in LMB. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Limbach during the 2nd quarter worth $868,000. Northern Trust Corp boosted its position in Limbach by 81.7% in the 1st quarter. Northern Trust Corp now owns 166,716 shares of the construction company’s stock valued at $12,415,000 after buying an additional 74,986 shares during the last quarter. Caxton Associates LLP acquired a new stake in shares of Limbach during the first quarter valued at about $416,000. Nadler Financial Group Inc. acquired a new stake in shares of Limbach during the second quarter valued at about $240,000. Finally, Strs Ohio purchased a new stake in shares of Limbach during the first quarter worth about $462,000. 55.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LMB has been the subject of a number of analyst reports. Stifel Nicolaus reduced their price target on Limbach from $146.00 to $132.00 and set a “buy” rating for the company in a report on Monday, October 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Limbach in a research note on Friday. Zacks Research downgraded shares of Limbach from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Finally, Wall Street Zen lowered shares of Limbach from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Limbach presently has an average rating of “Hold” and a consensus price target of $144.00.

Limbach Stock Performance

LMB stock opened at $69.50 on Tuesday. The stock’s 50 day simple moving average is $85.80 and its 200 day simple moving average is $112.59. Limbach Holdings, Inc. has a 12-month low of $63.02 and a 12-month high of $154.05. The firm has a market cap of $808.08 million, a P/E ratio of 23.72 and a beta of 1.36. 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 released its earnings results on Tuesday, November 4th. The construction company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.04). The business had revenue of $184.58 million for the quarter, compared to the consensus estimate of $184.48 million. Limbach had a net margin of 6.38% and a return on equity of 29.38%. The firm’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.62 EPS. Limbach has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Limbach Holdings, Inc. will post 2.54 EPS 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.