Dimensional Fund Advisors LP Has $12.82 Million Stake in Sterling Construction Company Inc (STRL)

Dimensional Fund Advisors LP increased its position in Sterling Construction Company Inc (NASDAQ:STRL) by 14.7% during the first quarter, Holdings Channel reports. The institutional investor owned 1,385,898 shares of the construction company’s stock after buying an additional 177,239 shares during the period. Dimensional Fund Advisors LP owned 0.06% of Sterling Construction worth $12,819,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Hancock Holding Co. bought a new stake in shares of Sterling Construction during the first quarter worth about $181,000. Trexquant Investment LP increased its stake in shares of Sterling Construction by 8.1% in the first quarter. Trexquant Investment LP now owns 19,977 shares of the construction company’s stock worth $185,000 after buying an additional 1,489 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Sterling Construction by 74.3% in the first quarter. Bank of New York Mellon Corp now owns 24,690 shares of the construction company’s stock worth $228,000 after buying an additional 10,528 shares in the last quarter. Segantii Capital Management Ltd increased its stake in shares of Sterling Construction by 567.4% in the first quarter. Segantii Capital Management Ltd now owns 32,705 shares of the construction company’s stock worth $303,000 after buying an additional 27,805 shares in the last quarter. Finally, Laurion Capital Management LP bought a new stake in shares of Sterling Construction during the first quarter worth about $773,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Shares of Sterling Construction Company Inc (STRL) traded up 1.33% during midday trading on Friday, reaching $9.89. The company had a trading volume of 42,646 shares. The firm’s market capitalization is $267.33 million. The company has a 50 day moving average price of $12.26 and a 200-day moving average price of $10.39. Sterling Construction Company Inc has a one year low of $6.06 and a one year high of $14.93.

Sterling Construction (NASDAQ:STRL) last announced its earnings results on Wednesday, August 2nd. The construction company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.17. Sterling Construction had a negative net margin of 0.33% and a positive return on equity of 0.06%. The company had revenue of $264.40 million during the quarter, compared to analyst estimates of $231.42 million. During the same period in the previous year, the business earned $0.09 earnings per share. The firm’s quarterly revenue was up 39.5% compared to the same quarter last year. On average, analysts anticipate that Sterling Construction Company Inc will post $0.39 EPS for the current fiscal year.

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A number of brokerages recently issued reports on STRL. Canaccord Genuity reissued a “buy” rating and set a $12.00 price target on shares of Sterling Construction in a research report on Friday, April 28th. DA Davidson raised Sterling Construction from a “neutral” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Thursday, June 29th. Zacks Investment Research raised Sterling Construction from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a research report on Tuesday, August 8th. BidaskClub downgraded Sterling Construction from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Finally, TheStreet raised Sterling Construction from a “c” rating to a “b-” rating in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $14.00.

In related news, Director Milton L. Scott sold 15,000 shares of the company’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $10.63, for a total value of $159,450.00. Following the completion of the transaction, the director now directly owns 45,307 shares in the company, valued at $481,613.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.20% of the stock is currently owned by insiders.

Sterling Construction Company Profile

Sterling Construction Company, Inc is a heavy civil construction company engaged in the building and reconstruction of transportation and water infrastructure projects in Texas, Utah, Nevada, Arizona, California, Hawaii and other states. The Company’s transportation infrastructure projects include highways, roads, bridges, airfields, ports and light rail.

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

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