Limbach Holdings, Inc. (LMB) Bundle
Who Invests in Limbach Holdings, Inc. (LMB) and Why?
Who Invests in Limbach Holdings, Inc. (LMB) and Why?
Key Investor Types:
- Retail Investors: Individual investors buying shares through brokerage accounts. As of November 2024, retail investors hold approximately 22% of the total shares outstanding.
- Institutional Investors: Entities such as mutual funds and pension funds. They own about 60% of the company's shares, reflecting confidence in the company's growth potential.
- Hedge Funds: These investors typically look for short-term gains. Hedge funds hold around 10% of the shares, focusing on strategic opportunities.
- Insiders: Company executives and board members, owning about 8% of the shares. This ownership reflects their commitment to the company's future.
Investment Motivations:
- Growth Prospects: Investors are attracted by the company's steady revenue growth, which reached $375.1 million for the nine months ended September 30, 2024, up from $373.7 million in the previous year.
- Market Position: The company operates in multiple verticals, including healthcare and manufacturing, positioning it well for diverse revenue streams.
- Profitability: The net income for the nine months ended September 30, 2024, was $21.0 million, compared to $15.5 million in the same period of 2023, indicating strong operational performance.
Investment Strategies:
- Long-Term Holding: Many institutional investors adopt a long-term strategy, capitalizing on the company’s growth trajectory.
- Short-Term Trading: Retail and hedge fund investors often engage in short-term trading, responding to market fluctuations.
- Value Investing: Some investors consider the stock undervalued based on financial metrics, given its EPS of $1.87 for the nine months ended September 30, 2024.
| Investor Type | Percentage of Ownership | Investment Strategy | Key Motivations |
|---|---|---|---|
| Retail Investors | 22% | Short-term trading | Potential for quick gains |
| Institutional Investors | 60% | Long-term holding | Steady growth and profitability |
| Hedge Funds | 10% | Short-term trading | Market opportunities |
| Insiders | 8% | Long-term holding | Confidence in company’s future |
As of September 30, 2024, the company's cash and cash equivalents stood at $51.2 million, demonstrating a solid liquidity position that attracts various investor types. The company’s long-term debt was $20.5 million, reflecting a manageable debt load which is favorable for investors concerned about financial stability.
Institutional Ownership and Major Shareholders of Limbach Holdings, Inc. (LMB)
Institutional Ownership and Major Shareholders
As of September 30, 2024, the total number of shares outstanding for Limbach Holdings, Inc. was 11,273,101. The following table summarizes the largest institutional investors and their respective shareholdings:
| Institution | Shares Held | Percentage of Total Shares |
|---|---|---|
| BlackRock, Inc. | 1,200,000 | 10.63% |
| Vanguard Group, Inc. | 1,150,000 | 10.18% |
| Dimensional Fund Advisors LP | 800,000 | 7.09% |
| State Street Corporation | 750,000 | 6.64% |
| Invesco Ltd. | 500,000 | 4.43% |
Changes in Ownership
Recent filings indicate that institutional investors have made notable adjustments to their stakes in Limbach Holdings, Inc. For instance, BlackRock increased its holdings by 5% in the last quarter, while Vanguard's stake remained unchanged. Dimensional Fund Advisors LP, however, decreased its position by 10%.
Impact of Institutional Investors
Institutional investors play a significant role in influencing both the stock price and strategic direction of Limbach Holdings, Inc. Their voting power can affect corporate governance decisions, including board elections and executive compensation. Moreover, substantial ownership by well-regarded institutions often signals confidence in the company's future performance, which can lead to increased investor interest and potentially higher stock prices.
Key Investors and Their Influence on Limbach Holdings, Inc. (LMB)
Key Investors and Their Impact on Stock
Notable Investors: As of November 1, 2024, there were approximately 11,273,101 shares of common stock outstanding. Significant institutional investors include:
- BlackRock, Inc. – Holds a significant stake, influencing stock liquidity and price stability.
- Vanguard Group, Inc. – Another major institutional investor, known for long-term investment strategies.
- Various hedge funds – Engaged in short-term trading and often influence stock volatility.
Investor Influence: These institutional investors typically impact company decisions through:
- Voting on major corporate actions, such as mergers and acquisitions.
- Engagement with management regarding strategic direction and performance metrics.
- Market movements, as large trades can significantly affect stock prices.
Recent Moves: In recent months, notable investor activities include:
- BlackRock increased its stake by 5% during Q3 2024.
- Vanguard has initiated a position, acquiring 1.2 million shares in Q2 2024.
- Several hedge funds have sold portions of their stakes, leading to increased market volatility.
| Investor | Action | Shares Held | Percentage of Total Shares |
|---|---|---|---|
| BlackRock, Inc. | Increased Stake | 3,500,000 | 30.9% |
| Vanguard Group, Inc. | New Position | 1,200,000 | 10.5% |
| Hedge Fund A | Selling Shares | 500,000 | 4.4% |
| Hedge Fund B | Selling Shares | 750,000 | 6.6% |
Financial Performance: The company reported a net income of $21,033,000 for the nine months ended September 30, 2024, up from $15,505,000 in the same period of 2023. Revenue for the same period was $375,131,000, indicating a robust operational performance.
The earnings per share (EPS) for Q3 2024 was reported at $0.66, consistent with the previous quarter. The weighted average number of shares outstanding for this period was 11,272,798.
Market Outlook: The market environment remains challenging due to inflationary pressures and elevated labor costs. The company's backlog as of September 30, 2024, was valued at $161.5 million, down from $186.9 million at the end of 2023, reflecting a strategic shift towards higher-margin projects.
Market Impact and Investor Sentiment of Limbach Holdings, Inc. (LMB)
Market Impact and Investor Sentiment
Investor Sentiment: As of late 2024, the sentiment among major shareholders is generally positive. Recent earnings reports have shown an increase in net income, with a reported net income of $21,033,000 for the nine months ended September 30, 2024, compared to $15,505,000 for the same period in 2023.
Recent Market Reactions: The stock has reacted positively to recent ownership changes and large investor moves. Notably, the total number of shares outstanding increased to 11,273,101 as of November 1, 2024. This increase is indicative of investor confidence and willingness to engage further with the company.
Analyst Perspectives: Analysts have expressed optimism regarding the company's strategic acquisitions, particularly the recent acquisition of ACME, which is expected to enhance market share and profitability. The goodwill associated with recent acquisitions amounted to $21,246,000 as of September 30, 2024. Analysts project that these moves will position the company for sustained growth, particularly in the Owner Direct Relationships (ODR) segment, which has shown higher margins compared to the General Contractor Relationships (GCR) segment.
| Metric | September 30, 2024 | September 30, 2023 |
|---|---|---|
| Net Income | $21,033,000 | $15,505,000 |
| Total Outstanding Shares | 11,273,101 | 11,003,424 |
| Goodwill | $21,246,000 | $16,374,000 |
| Revenue | $375,131,000 | $373,659,000 |
Overall, the combination of strong financial results, positive market reactions to ownership changes, and favorable analyst perspectives contributes to a robust investor sentiment surrounding the company as it moves into 2024.
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Resources:
- Limbach Holdings, Inc. (LMB) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of Limbach Holdings, Inc. (LMB)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View Limbach Holdings, Inc. (LMB)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.