Limbach Holdings, Inc. (NASDAQ:LMB) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its holdings in Limbach Holdings, Inc. (NASDAQ:LMBFree Report) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 559,175 shares of the construction company’s stock after purchasing an additional 2,769 shares during the period. Dimensional Fund Advisors LP owned about 5.08% of Limbach worth $25,426,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in LMB. New York State Teachers Retirement System purchased a new stake in shares of Limbach during the fourth quarter valued at $38,000. Gladius Capital Management LP acquired a new stake in Limbach during the 4th quarter worth about $44,000. AJOVista LLC purchased a new stake in Limbach during the fourth quarter valued at about $82,000. Public Employees Retirement System of Ohio acquired a new position in shares of Limbach in the third quarter worth about $143,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Limbach in the fourth quarter worth approximately $172,000. 55.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Limbach from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 13th.

View Our Latest Stock Analysis on Limbach

Limbach Stock Down 2.5 %

Shares of Limbach stock opened at $55.63 on Tuesday. Limbach Holdings, Inc. has a 1 year low of $21.01 and a 1 year high of $59.96. The company has a market cap of $621.94 million, a P/E ratio of 25.87, a P/E/G ratio of 2.53 and a beta of 1.02. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average price of $46.10 and a 200 day moving average price of $44.06.

Limbach (NASDAQ:LMBGet Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The construction company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.28. Limbach had a net margin of 4.93% and a return on equity of 21.75%. The business had revenue of $118.98 million during the quarter, compared to analyst estimates of $126.50 million. As a group, analysts expect that Limbach Holdings, Inc. will post 1.88 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Jayme L. Brooks purchased 943 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were acquired at an average cost of $52.15 per share, with a total value of $49,177.45. Following the completion of the purchase, the chief financial officer now owns 4,511 shares of the company’s stock, valued at approximately $235,248.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Limbach news, CEO Michael M. Mccann acquired 2,099 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were purchased at an average price of $47.77 per share, with a total value of $100,269.23. Following the completion of the transaction, the chief executive officer now owns 44,233 shares in the company, valued at $2,113,010.41. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Jayme L. Brooks bought 943 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was acquired at an average cost of $52.15 per share, with a total value of $49,177.45. Following the completion of the transaction, the chief financial officer now directly owns 4,511 shares of the company’s stock, valued at $235,248.65. The disclosure for this purchase can be found here. Insiders own 10.20% of the company’s stock.

Limbach Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Limbach (NASDAQ:LMB)

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