Limbach Holdings, Inc. $LMB Position Trimmed by Calamos Advisors LLC

Calamos Advisors LLC lowered its stake in Limbach Holdings, Inc. (NASDAQ:LMB) by 20.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 15,471 shares of the construction company’s stock after selling 3,990 shares during the period. Calamos Advisors LLC’s holdings in Limbach were worth $2,167,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Principal Financial Group Inc. lifted its holdings in shares of Limbach by 7.5% during the first quarter. Principal Financial Group Inc. now owns 13,873 shares of the construction company’s stock valued at $1,033,000 after purchasing an additional 963 shares during the last quarter. Northern Trust Corp increased its stake 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 purchasing an additional 74,986 shares in the last quarter. FAS Wealth Partners Inc. acquired a new stake in Limbach during the 1st quarter worth about $216,000. Caxton Associates LLP purchased a new stake in Limbach during the first quarter valued at about $416,000. Finally, Nadler Financial Group Inc. purchased a new stake in Limbach during the second quarter valued at about $240,000. 55.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Limbach Trading Down 8.2%

NASDAQ LMB opened at $72.20 on Friday. 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 Holdings, Inc. has a 1-year low of $63.02 and a 1-year high of $154.05. The firm’s fifty day simple moving average is $94.19 and its 200-day simple moving average is $116.06. The company has a market capitalization of $839.47 million, a PE ratio of 24.64 and a beta of 1.36.

Limbach (NASDAQ:LMB) last issued its earnings results on Tuesday, November 4th. The construction company reported $1.05 EPS 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 firm had revenue of $184.58 million during the quarter, compared to analysts’ expectations of $184.48 million. During the same quarter last year, the firm earned $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, sell-side analysts anticipate that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

Limbach Company 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.