Optivise Advisory Services LLC Takes Position in Limbach Holdings, Inc. $LMB

Optivise Advisory Services LLC purchased a new position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 1,447 shares of the construction company’s stock, valued at approximately $203,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Limbach by 4.9% during the first quarter. Vanguard Group Inc. now owns 634,082 shares of the construction company’s stock worth $47,220,000 after purchasing an additional 29,685 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Limbach by 2.8% in the first quarter. Goldman Sachs Group Inc. now owns 289,819 shares of the construction company’s stock valued at $21,583,000 after acquiring an additional 7,771 shares during the last quarter. Royce & Associates LP raised its stake in Limbach by 25.7% during the first quarter. Royce & Associates LP now owns 254,500 shares of the construction company’s stock worth $18,953,000 after acquiring an additional 52,030 shares in the last quarter. Next Century Growth Investors LLC lifted its holdings in shares of Limbach by 18.0% in the first quarter. Next Century Growth Investors LLC now owns 184,426 shares of the construction company’s stock worth $13,734,000 after acquiring an additional 28,076 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Limbach by 13.1% in the second quarter. Bessemer Group Inc. now owns 177,820 shares of the construction company’s stock worth $24,912,000 after acquiring an additional 20,625 shares during the last quarter. 55.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LMB has been the topic of several research reports. Stifel Nicolaus decreased their price target on shares of Limbach from $146.00 to $132.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Wall Street Zen raised shares of Limbach from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 5th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Limbach in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $144.00.

Limbach Stock Down 2.8%

Shares of NASDAQ LMB opened at $90.80 on Wednesday. The company has a 50 day simple moving average of $99.38 and a 200 day simple moving average of $116.97. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.69 and a quick ratio of 1.69. Limbach Holdings, Inc. has a 1 year low of $63.02 and a 1 year high of $154.05. The firm has a market cap of $1.06 billion, a PE ratio of 30.99 and a beta of 1.42.

Limbach (NASDAQ:LMB) last posted its earnings results 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). The business had revenue of $184.58 million for the quarter, compared to the consensus estimate of $184.48 million. Limbach had a return on equity of 29.38% and a net margin of 6.38%.The company’s revenue was up 37.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.62 earnings per share. Limbach has set its FY 2025 guidance at EPS. On average, research analysts forecast that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

About Limbach

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.