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Limbach Holdings Inc (LMB)



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Upturn Advisory Summary
09/17/2025: LMB (3-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $137.25
1 Year Target Price $137.25
2 | Strong Buy |
2 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 258.56% | Avg. Invested days 52 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.15B USD | Price to earnings Ratio 33.98 | 1Y Target Price 137.25 |
Price to earnings Ratio 33.98 | 1Y Target Price 137.25 | ||
Volume (30-day avg) 4 | Beta 1.05 | 52 Weeks Range 63.02 - 154.05 | Updated Date 09/17/2025 |
52 Weeks Range 63.02 - 154.05 | Updated Date 09/17/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 2.92 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 6.39% | Operating Margin (TTM) 8.04% |
Management Effectiveness
Return on Assets (TTM) 8.83% | Return on Equity (TTM) 23.26% |
Valuation
Trailing PE 33.98 | Forward PE 23.26 | Enterprise Value 1169174753 | Price to Sales(TTM) 2.09 |
Enterprise Value 1169174753 | Price to Sales(TTM) 2.09 | ||
Enterprise Value to Revenue 2.11 | Enterprise Value to EBITDA 19.64 | Shares Outstanding 11626800 | Shares Floating 10897115 |
Shares Outstanding 11626800 | Shares Floating 10897115 | ||
Percent Insiders 9.92 | Percent Institutions 85.61 |
Upturn AI SWOT
Limbach Holdings Inc

Company Overview
History and Background
Limbach Holdings Inc. was founded in 1901. Originally focused on plumbing, heating, and ventilation, the company has evolved to become a leading provider of design, engineering, installation, and maintenance services for mechanical, electrical, and plumbing (MEP) systems, as well as building automation and control systems.
Core Business Areas
- Construction: Provides design, engineering, installation, and commissioning services for MEP systems in new construction and renovation projects.
- Service: Offers preventative maintenance, repair, and upgrade services for existing MEP systems, including emergency response and energy efficiency solutions.
Leadership and Structure
The company is led by its executive management team, overseen by a board of directors. The organizational structure is divided into regional operations, each focusing on specific geographic markets, supported by centralized corporate functions.
Top Products and Market Share
Key Offerings
- MEP Construction Services: Design, installation, and commissioning of mechanical, electrical, and plumbing systems for commercial and industrial buildings. Market share is estimated to be small (<1%) within the fragmented US market. Competitors include EMCOR Group (EME), Comfort Systems USA (FIX), and many regional players.
- MEP Service & Maintenance: Preventive and reactive maintenance, repair, and upgrade services for existing MEP systems. Similar to construction, market share is small (<1%). Competitors include EMCOR Group (EME), Comfort Systems USA (FIX) and ABM Industries (ABM).
Market Dynamics
Industry Overview
The MEP services industry is large and fragmented, with demand driven by new construction, renovation activity, and the need for ongoing maintenance and upgrades. Key trends include increasing focus on energy efficiency, sustainability, and building automation.
Positioning
Limbach Holdings Inc. is positioned as a provider of comprehensive MEP solutions, focusing on complex and high-value projects. Their competitive advantages include deep technical expertise, strong customer relationships, and a focus on quality and safety.
Total Addressable Market (TAM)
The TAM for MEP services in the US is estimated to be in the hundreds of billions of dollars annually. Limbach is positioned to address a portion of this market, focusing on larger, more complex projects.
Upturn SWOT Analysis
Strengths
- Strong technical expertise
- Established customer relationships
- Focus on complex and high-value projects
- Reputation for quality and safety
Weaknesses
- Limited market share in a fragmented industry
- Exposure to cyclical construction activity
- Potential for project delays and cost overruns
- Dependence on skilled labor availability
Opportunities
- Growing demand for energy-efficient and sustainable building solutions
- Increasing adoption of building automation and control systems
- Potential for expansion into new geographic markets
- Acquisition opportunities to consolidate the fragmented market
Threats
- Economic downturns and reduced construction spending
- Intense competition from larger and smaller players
- Rising labor costs and shortages of skilled workers
- Changes in building codes and regulations
Competitors and Market Share
Key Competitors
- EME
- FIX
- ABM
Competitive Landscape
Limbach Holdings operates in a highly competitive market. While smaller than EMCOR and Comfort Systems, Limbach carves out a niche by focusing on complex projects.
Major Acquisitions
Harper Building Systems
- Year: 2023
- Acquisition Price (USD millions): 19.7
- Strategic Rationale: Expands service capabilities and geographic presence.
Growth Trajectory and Initiatives
Historical Growth: Limbach Holdings' historical growth has been influenced by overall construction market trends, strategic acquisitions, and organic growth initiatives.
Future Projections: Analyst projections for Limbach Holdings' future growth depend on various factors, including the overall economic outlook, industry trends, and company-specific initiatives. Analyst estimates are typically available from financial data providers.
Recent Initiatives: Recent strategic initiatives by Limbach Holdings may include acquisitions, expansion into new markets, investments in technology, or cost-cutting measures.
Summary
Limbach Holdings is a niche player in the fragmented MEP market. They possess deep technical expertise which is their strength. However, they have a small market share and are exposed to cyclical construction activity. Expansion through acquisitions and geographic diversification may improve their long-term growth prospects, but they need to manage project risks and maintain skilled labor availability.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings (10-K, 10-Q)
- Company Website
- Industry Reports
- Financial News Providers
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Market conditions can change rapidly, and past performance is not indicative of future results. Financial data is based on available information and may contain estimates.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Limbach Holdings Inc
Exchange NASDAQ | Headquaters Warrendale, PA, United States | ||
IPO Launch date 2014-07-16 | President, CEO & Director Mr. Michael M. McCann | ||
Sector Industrials | Industry Building Products & Equipment | Full time employees 1300 | Website https://www.limbachinc.com |
Full time employees 1300 | Website https://www.limbachinc.com |
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, electrical, and plumbing services. It also provides professional and consultative services; replacements and retrofit solutions; rental equipment solutions; maintenance and repairs; energy efficiency solutions; and decarbonization roadmaps solutions. The company serves research, acute care, and inpatient hospitals; public and private colleges, universities, research centers; entertainment facilities, and amusement rides and parks; data centers; automotive, energy and general manufacturing plants; and life sciences, including organizations and companies, whose work is centered around research and development focused on living things. Limbach Holdings, Inc. was founded in 1901 and is headquartered in Warrendale, Pennsylvania.

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