Dimensional Fund Advisors LP Cuts Position in Sterling Construction Company, Inc. (STRL)

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Dimensional Fund Advisors LP cut its stake in Sterling Construction Company, Inc. (NASDAQ:STRL) by 0.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,634,897 shares of the construction company’s stock after selling 11,646 shares during the period. Dimensional Fund Advisors LP owned about 6.04% of Sterling Construction worth $17,804,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in STRL. New York State Teachers Retirement System purchased a new position in Sterling Construction in the fourth quarter worth $26,000. Citigroup Inc. lifted its stake in Sterling Construction by 17.6% in the fourth quarter. Citigroup Inc. now owns 8,617 shares of the construction company’s stock worth $94,000 after purchasing an additional 1,292 shares during the last quarter. Stephens Inc. AR bought a new stake in Sterling Construction in the fourth quarter worth $109,000. O Shaughnessy Asset Management LLC bought a new stake in Sterling Construction in the fourth quarter worth $116,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in Sterling Construction in the fourth quarter worth $136,000. Institutional investors own 80.19% of the company’s stock.

STRL has been the subject of several recent research reports. BidaskClub raised shares of Sterling Construction from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. ValuEngine downgraded shares of Sterling Construction from a “buy” rating to a “hold” rating in a research note on Thursday, March 14th. Finally, Zacks Investment Research raised shares of Sterling Construction from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $17.50.

Sterling Construction stock opened at $12.84 on Tuesday. The company has a quick ratio of 1.67, a current ratio of 1.69 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $341.40 million, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 1.02 and a beta of 1.04. Sterling Construction Company, Inc. has a twelve month low of $9.71 and a twelve month high of $16.07.

Sterling Construction (NASDAQ:STRL) last posted its quarterly earnings results on Monday, March 4th. The construction company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. The business had revenue of $255.18 million during the quarter, compared to the consensus estimate of $247.85 million. Sterling Construction had a net margin of 2.43% and a return on equity of 15.44%. On average, equities analysts anticipate that Sterling Construction Company, Inc. will post 1.15 EPS for the current fiscal year.

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Sterling Construction Profile

Sterling Construction Company, Inc, together with its subsidiaries, operates as a heavy civil and residential construction company in Arizona, California, Colorado, Hawaii, Nevada, Texas, Utah, and other states in the United States. The company's Heavy Civil Construction segment undertakes heavy civil construction projects, including highways, roads, bridges, airfields, ports, light rail, water, wastewater and storm drainage systems, foundations for multi-family homes, commercial concrete projects, and parking structures.

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Institutional Ownership by Quarter for Sterling Construction (NASDAQ:STRL)

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