Dimensional Fund Advisors LP grew its position in shares of Sterling Construction Company, Inc. (NASDAQ:STRL) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,623,885 shares of the construction company’s stock after buying an additional 25,694 shares during the quarter. Dimensional Fund Advisors LP owned 6.00% of Sterling Construction worth $21,159,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of Sterling Construction by 7.9% during the 2nd quarter. BlackRock Inc. now owns 1,933,866 shares of the construction company’s stock worth $25,198,000 after buying an additional 141,661 shares in the last quarter. Millennium Management LLC lifted its position in shares of Sterling Construction by 15.6% during the 1st quarter. Millennium Management LLC now owns 1,007,664 shares of the construction company’s stock worth $11,548,000 after buying an additional 136,147 shares in the last quarter. Foundry Partners LLC lifted its position in shares of Sterling Construction by 10.5% during the 2nd quarter. Foundry Partners LLC now owns 523,805 shares of the construction company’s stock worth $6,825,000 after buying an additional 49,900 shares in the last quarter. Tygh Capital Management Inc. lifted its position in shares of Sterling Construction by 34.5% during the 2nd quarter. Tygh Capital Management Inc. now owns 463,058 shares of the construction company’s stock worth $6,034,000 after buying an additional 118,833 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. increased its stake in shares of Sterling Construction by 56.6% during the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 435,247 shares of the construction company’s stock worth $5,671,000 after purchasing an additional 157,271 shares during the last quarter. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Shares of STRL stock opened at $12.73 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.65 and a debt-to-equity ratio of 0.54. Sterling Construction Company, Inc. has a 12-month low of $10.74 and a 12-month high of $18.90. The company has a market cap of $387.56 million, a PE ratio of 23.35, a P/E/G ratio of 1.38 and a beta of 0.40.

Sterling Construction (NASDAQ:STRL) last issued its quarterly earnings results on Thursday, August 2nd. The construction company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.05. Sterling Construction had a net margin of 1.99% and a return on equity of 13.94%. The company had revenue of $268.70 million during the quarter, compared to analyst estimates of $259.95 million. During the same quarter last year, the business posted $0.13 EPS. Sterling Construction’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities analysts forecast that Sterling Construction Company, Inc. will post 0.94 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on STRL. BidaskClub upgraded shares of Sterling Construction from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 20th. Zacks Investment Research upgraded shares of Sterling Construction from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Friday, June 15th. Canaccord Genuity restated a “buy” rating and set a $20.00 price target on shares of Sterling Construction in a research note on Friday, August 10th. Finally, ValuEngine lowered shares of Sterling Construction from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Sterling Construction has a consensus rating of “Hold” and an average target price of $17.50.

Sterling Construction Company 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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