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Limbach Holdings Inc (LMB)



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Upturn Advisory Summary
04/01/2025: LMB (3-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit 336.19% | Avg. Invested days 51 | 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 853.89M USD | Price to earnings Ratio 29.26 | 1Y Target Price 107 |
Price to earnings Ratio 29.26 | 1Y Target Price 107 | ||
Volume (30-day avg) 233013 | Beta 1.18 | 52 Weeks Range 38.03 - 107.00 | Updated Date 04/2/2025 |
52 Weeks Range 38.03 - 107.00 | Updated Date 04/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 2.57 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-03-11 | When Before Market | Estimate 0.77 | Actual 1.15 |
Profitability
Profit Margin 5.95% | Operating Margin (TTM) 10.05% |
Management Effectiveness
Return on Assets (TTM) 8.07% | Return on Equity (TTM) 22.5% |
Valuation
Trailing PE 29.26 | Forward PE 20.04 | Enterprise Value 857684634 | Price to Sales(TTM) 1.65 |
Enterprise Value 857684634 | Price to Sales(TTM) 1.65 | ||
Enterprise Value to Revenue 1.65 | Enterprise Value to EBITDA 15.96 | Shares Outstanding 11353400 | Shares Floating 10270494 |
Shares Outstanding 11353400 | Shares Floating 10270494 | ||
Percent Insiders 13.32 | Percent Institutions 74.66 |
Analyst Ratings
Rating 4.67 | Target Price 107 | Buy 1 | Strong Buy 2 |
Buy 1 | Strong Buy 2 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Limbach Holdings Inc

Company Overview
History and Background
Limbach Holdings Inc. was founded in 1901. Initially focused on mechanical construction, it has grown through acquisitions and organic expansion to offer a comprehensive suite of design, engineering, and construction services for HVAC, plumbing, and electrical systems. The company went public in 2016.
Core Business Areas
- Construction Segment: Provides mechanical, plumbing, and electrical construction services for new construction and renovation projects. This includes design-build, plan and spec, and prefabrication services.
- Service Segment: Offers maintenance, repair, and retrofit services for existing building systems. This includes preventive maintenance contracts, emergency repairs, and system upgrades.
Leadership and Structure
The leadership team includes Michael McCann (President and CEO). The organizational structure is segmented by construction and service divisions, with regional offices throughout the US.
Top Products and Market Share
Key Offerings
- HVAC Systems Installation: Installation of heating, ventilation, and air conditioning systems in commercial buildings. Market share is fragmented, with Limbach competing against national and regional players. Competitors include EMCOR Group (EME) and Comfort Systems USA (FIX).
- Plumbing Systems Installation: Installation of plumbing systems in commercial buildings. Market share data is similar to HVAC installation. Competitors include EMCOR Group (EME) and Comfort Systems USA (FIX).
- Building Automation Systems (BAS): Installation and service of BAS for commercial buildings. This includes controlling and monitoring HVAC, lighting, and security systems. Competitors include Johnson Controls (JCI), Siemens (SIEGY), and Honeywell (HON).
Market Dynamics
Industry Overview
The mechanical construction and service industry is characterized by moderate growth, driven by new construction, building renovation, and increasing demand for energy-efficient systems. The industry is fragmented, with many small and medium-sized players.
Positioning
Limbach Holdings Inc. is positioned as a full-service provider, offering both construction and service solutions. Its competitive advantages include its expertise in complex projects and its focus on high-value customers.
Total Addressable Market (TAM)
The TAM for US Mechanical Construction and Service is estimated to be $400 Billion. Limbach Holdings Inc. is positioned to capture a small but significant portion of this TAM through its specialized services and geographic reach.
Upturn SWOT Analysis
Strengths
- Strong presence in key geographic markets
- Expertise in complex and specialized projects
- Long-standing relationships with key customers
- Integrated construction and service offerings
Weaknesses
- Reliance on cyclical construction market
- Exposure to project delays and cost overruns
- Limited brand recognition outside of core markets
- Smaller size compared to national competitors
Opportunities
- Growing demand for energy-efficient building systems
- Expansion into new geographic markets
- Acquisition of smaller competitors
- Increased outsourcing of building maintenance services
Threats
- Economic downturn and slowdown in construction activity
- Increased competition from larger national players
- Rising labor and material costs
- Changes in government regulations and building codes
Competitors and Market Share
Key Competitors
- EME
- FIX
- MYR
Competitive Landscape
Limbach's advantage lies in its specialized expertise and regional focus, allowing it to excel in complex projects where larger national players may lack the agility and local knowledge.
Major Acquisitions
Harper Building Systems
- Year: 2021
- Acquisition Price (USD millions): 18.5
- Strategic Rationale: Expanded geographic reach in the Southeast and added expertise in healthcare construction.
Growth Trajectory and Initiatives
Historical Growth: Discuss Limbach Holdings Inc's growth trends over the past years.
Future Projections: Provide projections for Limbach Holdings Inc's future growth based on analyst estimates.
Recent Initiatives: Highlight recent strategic initiatives undertaken by Limbach Holdings Inc.
Summary
Limbach Holdings Inc. is a smaller player in a large fragmented market, with opportunities for growth through strategic acquisitions and expansion into new geographic regions. Their specialized expertise in complex projects and strong customer relationships provide a competitive edge. However, the company faces risks related to economic cycles and competition from larger players.
Similar Companies

EME

EMCOR Group Inc



EME

EMCOR Group Inc

FIX

Comfort Systems USA Inc



FIX

Comfort Systems USA Inc

HON

Honeywell International Inc



HON

Honeywell International Inc

JCI

Johnson Controls International PLC



JCI

Johnson Controls International PLC
Sources and Disclaimers
Data Sources:
- Company filings, Market research reports, Analyst estimates
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market share data is estimated and may not be precise. Financial data should be verified with official company filings.
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 1400 | Website https://www.limbachinc.com |
Full time employees 1400 | 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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