Roth Capital Research Analysts Boost Earnings Estimates for Limbach Holdings, Inc. (NASDAQ:LMB)

Limbach Holdings, Inc. (NASDAQ:LMB) – Analysts at Roth Capital upped their Q4 2024 EPS estimates for shares of Limbach in a research note issued to investors on Tuesday, September 3rd. Roth Capital analyst G. Sweeney now anticipates that the construction company will post earnings per share of $0.73 for the quarter, up from their prior forecast of $0.68. The consensus estimate for Limbach’s current full-year earnings is $2.25 per share. Roth Capital also issued estimates for Limbach’s FY2025 earnings at $2.81 EPS.

Limbach (NASDAQ:LMB) last issued its quarterly earnings results on Tuesday, August 6th. The construction company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. Limbach had a net margin of 5.08% and a return on equity of 21.06%. The company had revenue of $122.24 million during the quarter, compared to analysts’ expectations of $123.50 million. During the same period last year, the company posted $0.46 EPS.

Separately, StockNews.com lowered shares of Limbach from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th.

Limbach Stock Down 1.6 %

Shares of Limbach stock opened at $60.93 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.63 and a current ratio of 1.63. The stock has a market capitalization of $681.38 million, a PE ratio of 28.34, a price-to-earnings-growth ratio of 2.39 and a beta of 1.05. Limbach has a 52-week low of $26.76 and a 52-week high of $66.64. The company has a 50-day simple moving average of $60.44 and a two-hundred day simple moving average of $52.62.

Insider Activity at Limbach

In related news, Director Joshua Horowitz sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $57.07, for a total transaction of $399,490.00. Following the completion of the sale, the director now directly owns 249,672 shares in the company, valued at $14,248,781.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders sold 35,072 shares of company stock worth $2,065,191. 10.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Limbach

A number of hedge funds have recently modified their holdings of the company. Grizzlyrock Capital LLC purchased a new position in shares of Limbach in the fourth quarter worth $602,000. Vanguard Group Inc. grew its position in Limbach by 6.0% in the first quarter. Vanguard Group Inc. now owns 566,501 shares of the construction company’s stock worth $23,464,000 after acquiring an additional 32,030 shares in the last quarter. Navellier & Associates Inc. purchased a new position in Limbach in the fourth quarter worth about $267,000. Russell Investments Group Ltd. grew its position in Limbach by 368.5% in the first quarter. Russell Investments Group Ltd. now owns 71,878 shares of the construction company’s stock worth $2,977,000 after acquiring an additional 56,535 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in Limbach in the second quarter worth about $3,532,000. 55.85% of the stock is currently owned by institutional investors.

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.