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

Dimensional Fund Advisors LP trimmed its holdings in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 13.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 449,303 shares of the construction company's stock after selling 70,207 shares during the period. Dimensional Fund Advisors LP owned 4.02% of Limbach worth $25,579,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Limbach during the 2nd quarter valued at about $3,532,000. Russell Investments Group Ltd. grew its position in Limbach by 368.5% in the first quarter. Russell Investments Group Ltd. now owns 71,878 shares of the construction company's stock worth $2,977,000 after acquiring an additional 56,535 shares during the period. Vanguard Group Inc. grew its position in Limbach by 6.0% in the first quarter. Vanguard Group Inc. now owns 566,501 shares of the construction company's stock worth $23,464,000 after acquiring an additional 32,030 shares during the period. Grizzlyrock Capital LLC purchased a new position in shares of Limbach during the 4th quarter worth $602,000. Finally, American Century Companies Inc. lifted its position in Limbach by 6.0% in the second quarter. American Century Companies Inc. now owns 208,223 shares of the construction company's stock valued at $11,854,000 after buying an additional 11,782 shares during the last quarter. 55.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Limbach from a "buy" rating to a "hold" rating in a report on Wednesday, August 14th.

Insider Buying and Selling

In other Limbach news, Director Joshua Horowitz sold 8,800 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $59.14, for a total value of $520,432.00. Following the transaction, the director now directly owns 223,272 shares in the company, valued at $13,204,306.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders sold 40,072 shares of company stock worth $2,418,821. Corporate insiders own 10.20% of the company's stock.

Limbach Trading Up 0.3 %

Shares of LMB stock traded up $0.25 on Thursday, hitting $77.25. The stock had a trading volume of 144,516 shares, compared to its average volume of 168,205. The company's 50 day moving average price is $65.44 and its 200-day moving average price is $55.91. Limbach Holdings, Inc. has a 1 year low of $26.76 and a 1 year high of $82.21. The firm has a market capitalization of $863.89 million, a P/E ratio of 35.81, a P/E/G ratio of 2.62 and a beta of 0.95. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.63.

Limbach (NASDAQ:LMB - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The construction company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.37 by $0.13. The company had revenue of $122.24 million during the quarter, compared to analysts' expectations of $123.50 million. Limbach had a net margin of 5.08% and a return on equity of 21.06%. During the same quarter last year, the company posted $0.46 EPS. Analysts anticipate that Limbach Holdings, Inc. will post 2.43 earnings per share for the current year.

Limbach Company Profile

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.