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Joshua Horowitz, a director at Limbach Holdings, Inc. (NASDAQ:LMB), has recently sold 25,400 shares of the company’s common stock. The company, currently valued at $867 million, has demonstrated strong performance with a 76% return over the past year. According to InvestingPro analysis, the stock appears to be trading above its Fair Value. The shares were sold at a weighted average price of approximately $75.43, amounting to a total transaction value of around $1.9 million. Following this sale, Horowitz, through his affiliation with Palm Global Small Cap Master Fund LP, still holds 164,600 shares indirectly. The sale was executed on March 14, 2025, and is part of routine financial disclosures. InvestingPro subscribers can access 12 additional investment tips and a comprehensive Pro Research Report for LMB, providing deeper insights into the company’s financial health, which is currently rated as GOOD.
In other recent news, Limbach Holdings reported its fourth-quarter 2024 earnings, revealing a notable earnings per share (EPS) of $1.15, which exceeded the expected $0.79. However, the company’s revenue of $143.65 million fell short of the anticipated $149.37 million. The Operational Development and Renewal (ODR) segment experienced a 21% year-over-year revenue increase, while the General Construction Revenue (GCR) segment saw a 25% decrease. This strategic shift resulted in the ODR segment comprising 66% of the fourth-quarter revenue. Limbach’s total backlog, indicating future revenue potential, grew by 9% year-over-year, with a significant 53% increase in the ODR backlog.
Looking forward, Limbach provided 2025 guidance with a midpoint revenue forecast of $620 million, above the $597 million market consensus, and an adjusted EBITDA midpoint of $80 million. This guidance points to an EBITDA margin of 12.9% for 2025. Stifel analysts maintained their Buy rating for Limbach with a $102 price target, following the company’s earnings report. They noted Limbach’s adjusted EBITDA of $21 million exceeded expectations, highlighting the company’s successful cost management and strategic initiatives.
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