Limbach Holdings, Inc. $LMB is Neumeier Poma Investment Counsel LLC’s 5th Largest Position

Neumeier Poma Investment Counsel LLC trimmed its stake in Limbach Holdings, Inc. (NASDAQ:LMB) by 11.8% during the 2nd quarter, Holdings Channel reports. The firm owned 288,618 shares of the construction company’s stock after selling 38,708 shares during the quarter. Limbach comprises approximately 3.8% of Neumeier Poma Investment Counsel LLC’s portfolio, making the stock its 5th biggest holding. Neumeier Poma Investment Counsel LLC’s holdings in Limbach were worth $40,435,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cetera Investment Advisers bought a new stake in Limbach during the second quarter valued at approximately $421,000. Creative Planning bought a new stake in shares of Limbach during the 2nd quarter worth $857,000. Police & Firemen s Retirement System of New Jersey grew its position in Limbach by 15.0% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 2,379 shares of the construction company’s stock worth $333,000 after acquiring an additional 311 shares in the last quarter. Geode Capital Management LLC grew its position in Limbach by 6.6% in the second quarter. Geode Capital Management LLC now owns 269,271 shares of the construction company’s stock worth $37,730,000 after acquiring an additional 16,579 shares in the last quarter. Finally, ProShare Advisors LLC purchased a new position in Limbach in the second quarter worth $305,000. 55.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LMB. Wall Street Zen cut Limbach from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Zacks Research cut shares of Limbach from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Stifel Nicolaus lowered their price objective on shares of Limbach from $146.00 to $132.00 and set a “buy” rating for the company in a report on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Limbach in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Limbach has a consensus rating of “Moderate Buy” and a consensus price target of $144.00.

Limbach Price Performance

LMB opened at $68.68 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.69 and a quick ratio of 1.69. The stock’s 50 day simple moving average is $92.05 and its 200 day simple moving average is $115.77. The firm has a market cap of $798.54 million, a price-to-earnings ratio of 23.44 and a beta of 1.36. Limbach Holdings, Inc. has a 1 year low of $63.02 and a 1 year high of $154.05.

Limbach (NASDAQ:LMB) last released its quarterly earnings data on Tuesday, November 4th. The construction company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.04). Limbach had a net margin of 6.38% and a return on equity of 29.38%. The company had revenue of $184.58 million for the quarter, compared to analysts’ expectations of $184.48 million. During the same period last year, the company posted $0.62 EPS. The business’s revenue for the quarter was up 37.8% compared to the same quarter last year. Limbach has set its FY 2025 guidance at EPS. As a group, analysts predict 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.