Dimensional Fund Advisors LP Cuts Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Dimensional Fund Advisors LP reduced its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 3.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,226,471 shares of the construction company’s stock after selling 43,709 shares during the quarter. Dimensional Fund Advisors LP owned about 3.97% of Sterling Infrastructure worth $145,144,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Sterling Infrastructure by 60.6% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 53,000 shares of the construction company’s stock valued at $4,660,000 after buying an additional 20,000 shares during the period. Nordea Investment Management AB grew its stake in shares of Sterling Infrastructure by 47.1% during the first quarter. Nordea Investment Management AB now owns 50,420 shares of the construction company’s stock valued at $5,651,000 after buying an additional 16,142 shares during the last quarter. Inspire Investing LLC purchased a new stake in shares of Sterling Infrastructure in the first quarter worth approximately $449,000. Principal Financial Group Inc. lifted its position in shares of Sterling Infrastructure by 49.8% during the first quarter. Principal Financial Group Inc. now owns 26,038 shares of the construction company’s stock worth $2,872,000 after purchasing an additional 8,657 shares during the last quarter. Finally, Robeco Schweiz AG purchased a new stake in shares of Sterling Infrastructure during the second quarter valued at $1,420,000. Institutional investors own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a research note on Sunday, September 15th.

Sterling Infrastructure Stock Up 0.4 %

Shares of NASDAQ:STRL opened at $148.16 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $116.28 and its 200 day moving average is $114.56. The stock has a market cap of $4.57 billion, a P/E ratio of 30.80, a price-to-earnings-growth ratio of 1.38 and a beta of 1.16. Sterling Infrastructure, Inc. has a 52-week low of $55.45 and a 52-week high of $152.00.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings results on Monday, August 5th. The construction company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.43 by $0.24. The firm had revenue of $582.82 million for the quarter, compared to analyst estimates of $553.70 million. Sterling Infrastructure had a return on equity of 25.64% and a net margin of 7.85%. During the same quarter last year, the firm posted $1.27 earnings per share. Sell-side analysts predict that Sterling Infrastructure, Inc. will post 5.66 EPS for the current year.

Sterling Infrastructure Company Profile

Sterling Infrastructure, Inc engages in the provision of e-infrastructure, transportation, and building solutions primarily in the United States. It operates through three segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors.