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Limbach Holdings Inc (NASDAQ:LMB) stock has reached an all-time high, hitting a price of 144.09 USD, with a market capitalization now reaching $1.67 billion. According to InvestingPro data, the company maintains a "GREAT" financial health score, supported by strong fundamentals. This milestone reflects significant growth over the past year, with the company’s stock experiencing a remarkable 149.96% increase. The surge in stock price underscores investor confidence and positive market sentiment surrounding Limbach Holdings, though current valuations suggest the stock is trading above its Fair Value. Analyst price targets range from $120 to $151, reflecting mixed views on the company’s near-term potential. The company’s performance has been driven by strategic initiatives and favorable market conditions, contributing to its robust financial results and stock performance, with annual revenue reaching $532.91 million. As Limbach Holdings continues to expand its operations and strengthen its market position, its stock remains a key focus for investors seeking growth opportunities. For deeper insights into LMB’s valuation and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, which cover over 1,400 US stocks.
In other recent news, Limbach Holdings has reported several notable developments. The company announced its acquisition of Pioneer Power for $66.1 million, aiming to expand its presence in the Upper Midwest. This acquisition is expected to contribute approximately $120 million in annual revenue and $10 million in adjusted EBITDA starting in 2026. Additionally, Limbach has expanded its revolving credit facility to $100 million, which supported the acquisition financing. Stifel analysts have responded to these developments by raising their price target for Limbach to $151 while maintaining a Buy rating. In another analyst update, Stifel maintained a Buy rating with a $103 target, citing Limbach’s strong first-quarter performance, which exceeded expectations with revenues of $133 million and an adjusted EBITDA of $15 million. The company’s backlog has increased by 15% year-over-year, driven by a 57% rise in Owner Direct Revenue. Furthermore, Limbach has revised its free cash flow conversion forecast to approximately 75% of its adjusted EBITDA for the year. Lastly, the company held its annual meeting, where shareholders approved several key decisions, including the election of directors and amendments to its Omnibus Incentive Plan.
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