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

Dimensional Fund Advisors LP increased its position in Sterling Infrastructure, Inc. (NASDAQ:STRL – Get Rating) by 5.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,409,707 shares of the construction company’s stock after acquiring an additional 70,779 shares during the period. Dimensional Fund Advisors LP owned approximately 4.65% of Sterling Infrastructure worth $30,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in STRL. SeaCrest Wealth Management LLC purchased a new position in shares of Sterling Infrastructure during the 2nd quarter valued at about $37,000. Acadian Asset Management LLC purchased a new position in shares of Sterling Infrastructure during the 1st quarter valued at about $38,000. Quantbot Technologies LP raised its stake in shares of Sterling Infrastructure by 641.2% during the 3rd quarter. Quantbot Technologies LP now owns 1,927 shares of the construction company’s stock valued at $41,000 after buying an additional 1,667 shares during the last quarter. Barclays PLC raised its stake in shares of Sterling Infrastructure by 82.4% during the 3rd quarter. Barclays PLC now owns 2,682 shares of the construction company’s stock valued at $58,000 after buying an additional 1,212 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of Sterling Infrastructure by 288.9% during the 1st quarter. US Bancorp DE now owns 3,527 shares of the construction company’s stock valued at $94,000 after buying an additional 2,620 shares during the last quarter. Hedge funds and other institutional investors own 77.74% of the company’s stock.

Sterling Infrastructure Price Performance

NASDAQ:STRL opened at $40.72 on Friday. Sterling Infrastructure, Inc. has a 52 week low of $20.46 and a 52 week high of $41.31. The company has a quick ratio of 1.31, a current ratio of 1.34 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $1.25 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 0.64 and a beta of 1.37. The stock’s 50-day moving average price is $35.14 and its 200-day moving average price is $30.14.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. StockNews.com lowered Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 20th. DA Davidson lifted their price objective on Sterling Infrastructure from $35.00 to $48.00 in a research note on Thursday.

Insider Activity

In related news, CEO Joseph A. Cutillo sold 5,002 shares of Sterling Infrastructure stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $40.14, for a total value of $200,780.28. Following the sale, the chief executive officer now directly owns 763,106 shares in the company, valued at approximately $30,631,074.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 8,509 shares of the business’s stock in a transaction on Wednesday, January 25th. The shares were sold at an average price of $33.40, for a total value of $284,200.60. Following the completion of the transaction, the chief executive officer now owns 684,350 shares in the company, valued at $22,857,290. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Joseph A. Cutillo sold 5,002 shares of the business’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $40.14, for a total transaction of $200,780.28. Following the transaction, the chief executive officer now owns 763,106 shares of the company’s stock, valued at approximately $30,631,074.84. The disclosure for this sale can be found here. Insiders have sold 17,202 shares of company stock worth $602,656 in the last ninety days. Company insiders own 3.30% of the company’s stock.

About Sterling Infrastructure

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Sterling Infrastructure, Inc engages in the provision of construction solutions. It operates through the following segments: Transportation Solutions, E-Infrastructure Solutions, and Building Solutions. The Transportation Solutions segment includes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, light rail, water, wastewater, and storm drainage systems.