45,800 Shares in Sterling Construction Company Inc (STRL) Purchased by California State Teachers Retirement System

California State Teachers Retirement System purchased a new position in Sterling Construction Company Inc (NASDAQ:STRL) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 45,800 shares of the construction company’s stock, valued at approximately $599,000. California State Teachers Retirement System owned 0.17% of Sterling Construction at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Renaissance Technologies LLC lifted its stake in Sterling Construction by 33.4% during the second quarter. Renaissance Technologies LLC now owns 1,479,900 shares of the construction company’s stock valued at $19,342,000 after purchasing an additional 370,800 shares during the last quarter. State Street Corp lifted its stake in Sterling Construction by 2,766.2% during the second quarter. State Street Corp now owns 340,078 shares of the construction company’s stock valued at $4,446,000 after purchasing an additional 328,213 shares during the last quarter. AJO LP acquired a new stake in Sterling Construction during the second quarter valued at approximately $4,098,000. Northern Trust Corp lifted its stake in Sterling Construction by 382.8% during the second quarter. Northern Trust Corp now owns 286,088 shares of the construction company’s stock valued at $3,739,000 after purchasing an additional 226,832 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Sterling Construction by 14.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,385,898 shares of the construction company’s stock valued at $12,819,000 after purchasing an additional 177,239 shares during the last quarter. 71.96% of the stock is owned by institutional investors.

Shares of Sterling Construction Company Inc (STRL) opened at $17.16 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.44 and a quick ratio of 1.42. The company has a market cap of $461.22, a P/E ratio of 113.67, a P/E/G ratio of 3.48 and a beta of 0.36. Sterling Construction Company Inc has a 12-month low of $7.75 and a 12-month high of $18.82.

Sterling Construction (NASDAQ:STRL) last issued its quarterly earnings results on Monday, October 30th. The construction company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.04. The business had revenue of $304.20 million during the quarter, compared to the consensus estimate of $263.69 million. Sterling Construction had a net margin of 0.25% and a return on equity of 3.90%. The firm’s quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 EPS. research analysts forecast that Sterling Construction Company Inc will post 0.44 earnings per share for the current year.

Several analysts recently commented on STRL shares. Canaccord Genuity reissued a “buy” rating and set a $15.00 target price on shares of Sterling Construction in a research note on Saturday, August 26th. TheStreet lowered shares of Sterling Construction from a “b-” rating to a “c” rating in a research note on Monday, August 21st. Zacks Investment Research lowered shares of Sterling Construction from a “buy” rating to a “hold” rating in a research note on Saturday, October 21st. Finally, BidaskClub lowered shares of Sterling Construction from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.00.

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Sterling Construction 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.

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

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