Key Highlights
- In this article, we will summarize the bulls’ thesis on LMB.
- Limbach Holdings, Inc.'s share was trading at $69.50 as of December 1st.
- LMB’s trailing and forward P/E were 23.35 and 15.87 respectively according to Yahoo Finance.
- HVAC, Aircondition, AC Photo by Taylor Vick on Unsplash Limbach is an HVAC, plumbing, and electrical contractor focused on non-residential buildings, whose stock has surged from $4 in 2019 to over $110 on the back of a favorable construction cycle and a shift toward owner-direct relationships (ODR).
- While this mix shift is widely viewed as transforming Limbach into a less cyclical, higher-margin business, the thesis argues the market materially overestimates both the defensiveness and the durability of ODR-driven growth.
