Repurchase Program Initiation: Limbach Holdings has approved a share repurchase program of up to $50 million, effective through December 15, 2027, reflecting the company's confidence in its growth strategy and strong cash flow generation.
Capital Allocation Strategy: This repurchase authorization not only provides flexibility for opportunistic buybacks but also supports efforts to manage and offset potential dilution from incentive compensation programs, reinforcing the company's focus on delivering long-term shareholder value.
Market Operation Flexibility: Repurchases will occur through open market transactions, privately negotiated deals, or other means compliant with federal securities laws, with the timing and number of shares repurchased determined by various factors including market price and economic conditions.
Diverse Funding Sources: The company intends to fund repurchases through existing cash, cash flow, borrowings under current credit facilities, or other available means, ensuring adaptability in response to varying market conditions.
LMB
$79.09+Infinity%1D
Analyst Views on LMB
Wall Street analysts forecast LMB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LMB is 123.50 USD with a low forecast of 115.00 USD and a high forecast of 132.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
Wall Street analysts forecast LMB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LMB is 123.50 USD with a low forecast of 115.00 USD and a high forecast of 132.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 75.950
Low
115.00
Averages
123.50
High
132.00
Current: 75.950
Low
115.00
Averages
123.50
High
132.00
Stifel
Buy
downgrade
$132 -> $119
2025-11-07
Reason
Stifel
Price Target
$132 -> $119
2025-11-07
downgrade
Buy
Reason
Stifel lowered the firm's price target on Limbach to $119 from $132 and keeps a Buy rating on the shares. The firm said it remains a buyer of Limbach on strong underlying Owner Direct Relationships organic growth, believing ODR gross margins were nearly flat sequentially.
Stifel
Buy
upgrade
$151 -> $163
2025-07-11
Reason
Stifel
Price Target
$151 -> $163
2025-07-11
upgrade
Buy
Reason
Stifel raised the firm's price target on Limbach Holding to $163 from $151 and keeps a Buy rating on the shares.
Stifel
Buy
maintain
$141 -> $151
2025-07-02
Reason
Stifel
Price Target
$141 -> $151
2025-07-02
maintain
Buy
Reason
Stifel raised the firm's price target on Limbach Holding to $151 from $141 and keeps a Buy rating on the shares. Limbach announced the acquisition of Pioneer Power for $66.1M, which Stifel views favorably and as consistent with the strategic focus on expanding MSA presence throughout the East and Midwest, the analyst tells investors in a research note.
Lake Street
Rob Brown
Buy
maintain
$125 -> $156
2025-07-02
Reason
Lake Street
Rob Brown
Price Target
$125 -> $156
2025-07-02
maintain
Buy
Reason
Lake Street analyst Rob Brown raised the firm's price target on Limbach Holding to $156 from $125 and keeps a Buy rating on the shares. The Pioneer Power acquisition should be nicely accretive and appears to be a great fit, strengthening the company's Midwest footprint and expanding its industrial capabilities, the analyst tells investors in a research note. The firm estimates Limbach is on a path to become a $1.2B revenue business generating EBITDA margins of 14%, or EBITDA of $165M, implying a long-term stock opportunity of $180/share.
About LMB
Limbach Holdings, Inc. is a building systems solutions company. The Company partners with the owners and facilities managers who have mission-critical mechanical, electrical, and plumbing infrastructure. The Company operates in two segments: Owner Direct Relationships (ODR) and General Contractor Relationships (GCR). Through the ODR segment, the Company performs owner direct projects and/or provides maintenance or service primarily on mechanical, plumbing or electrical systems, building controls and specialty contracting projects to existing buildings direct to, or assigned by, building owners or property managers. The GCR segment manages new construction or renovation projects that involve primarily mechanical, electrical, and/or plumbing (MEP) services awarded to the Company by general contractors or construction managers. The Company works with six vertical markets: healthcare, industrial and manufacturing, data centers, life science, higher education and cultural and entertainment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
