Dimensional Fund Advisors LP Decreases Position in Limbach Holdings, Inc. (NASDAQ:LMB)

Dimensional Fund Advisors LP reduced its position in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 12.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 316,748 shares of the construction company's stock after selling 43,917 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.81% of Limbach worth $27,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Limbach by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 604,397 shares of the construction company's stock valued at $51,700,000 after purchasing an additional 3,001 shares during the period. Wasatch Advisors LP grew its position in Limbach by 0.4% during the fourth quarter. Wasatch Advisors LP now owns 374,382 shares of the construction company's stock worth $32,025,000 after buying an additional 1,546 shares in the last quarter. First Trust Advisors LP increased its stake in Limbach by 67.5% in the 4th quarter. First Trust Advisors LP now owns 322,396 shares of the construction company's stock worth $27,578,000 after acquiring an additional 129,869 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Limbach by 41.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 216,567 shares of the construction company's stock valued at $18,525,000 after acquiring an additional 62,987 shares during the last quarter. Finally, Next Century Growth Investors LLC purchased a new position in shares of Limbach during the fourth quarter worth about $13,374,000. 55.85% of the stock is currently owned by institutional investors.

Limbach Stock Up 0.3%

Shares of LMB traded up $0.34 on Monday, reaching $122.71. The stock had a trading volume of 23,924 shares, compared to its average volume of 177,077. The company has a 50-day simple moving average of $84.39 and a 200-day simple moving average of $89.16. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 55.89, a price-to-earnings-growth ratio of 2.22 and a beta of 1.08. Limbach Holdings, Inc. has a 12-month low of $47.22 and a 12-month high of $135.99.

Limbach (NASDAQ:LMB - Get Free Report) last released its earnings results on Monday, May 5th. The construction company reported $1.12 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.82. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The firm had revenue of $133.11 million for the quarter, compared to analysts' expectations of $121.06 million. During the same period in the prior year, the firm posted $0.69 earnings per share. The company's quarterly revenue was up 11.9% on a year-over-year basis. Sell-side analysts predict that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

Insider Activity

In related news, Director Joshua Horowitz sold 25,400 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $75.43, for a total value of $1,915,922.00. Following the transaction, the director now owns 164,600 shares of the company's stock, valued at approximately $12,415,778. This trade represents a 13.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

LMB has been the subject of a number of recent research reports. Lake Street Capital boosted their price objective on shares of Limbach from $100.00 to $125.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Roth Capital reissued a "buy" rating on shares of Limbach in a research note on Wednesday. Finally, Stifel Nicolaus set a $103.00 price objective on Limbach in a research note on Wednesday, March 12th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $102.67.

About Limbach

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, plumbing, and electrical services.