Sterling Construction Company, Inc. (STRL) Shares Sold by Strs Ohio

Strs Ohio reduced its stake in shares of Sterling Construction Company, Inc. (NASDAQ:STRL) by 12.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,700 shares of the construction company’s stock after selling 5,700 shares during the period. Strs Ohio’s holdings in Sterling Construction were worth $678,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Schwab Charles Investment Management Inc. boosted its position in shares of Sterling Construction by 17.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 50,134 shares of the construction company’s stock worth $817,000 after purchasing an additional 7,334 shares in the last quarter. Koshinski Asset Management Inc. purchased a new stake in shares of Sterling Construction during the 4th quarter worth $269,000. Thomson Horstmann & Bryant Inc. boosted its position in shares of Sterling Construction by 12.8% during the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 341,045 shares of the construction company’s stock worth $5,552,000 after purchasing an additional 38,569 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Sterling Construction during the 3rd quarter worth $1,555,000. Finally, Argent Capital Management LLC boosted its position in shares of Sterling Construction by 1.5% during the 3rd quarter. Argent Capital Management LLC now owns 354,580 shares of the construction company’s stock worth $5,400,000 after purchasing an additional 5,075 shares in the last quarter. Institutional investors own 71.48% of the company’s stock.

In related news, Director Maarten D. Hemsley sold 29,800 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $17.32, for a total value of $516,136.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. 5.20% of the stock is owned by insiders.

Shares of Sterling Construction Company, Inc. (NASDAQ STRL) opened at $12.57 on Friday. Sterling Construction Company, Inc. has a 1 year low of $7.75 and a 1 year high of $18.90. The company has a quick ratio of 1.42, a current ratio of 1.44 and a debt-to-equity ratio of 0.62. The company has a market cap of $340.03, a PE ratio of 251.45, a P/E/G ratio of 1.19 and a beta of 0.19.

Several brokerages have commented on STRL. BidaskClub lowered shares of Sterling Construction from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. TheStreet lowered shares of Sterling Construction from a “b-” rating to a “c” rating in a research report on Monday, January 22nd. Finally, Zacks Investment Research lowered shares of Sterling Construction from a “buy” rating to a “hold” rating in a research report on Saturday, October 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $17.00.

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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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