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

Dimensional Fund Advisors LP cut its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 15.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 795,032 shares of the construction company's stock after selling 142,408 shares during the period. Dimensional Fund Advisors LP owned about 2.59% of Sterling Infrastructure worth $133,931,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new position in Sterling Infrastructure in the 4th quarter valued at about $39,000. Huntington National Bank lifted its stake in shares of Sterling Infrastructure by 34.6% in the fourth quarter. Huntington National Bank now owns 288 shares of the construction company's stock valued at $49,000 after purchasing an additional 74 shares during the period. National Bank of Canada FI purchased a new stake in Sterling Infrastructure during the fourth quarter worth about $56,000. Arcadia Investment Management Corp MI acquired a new position in Sterling Infrastructure during the fourth quarter worth about $71,000. Finally, Venturi Wealth Management LLC lifted its position in shares of Sterling Infrastructure by 1,369.0% during the 4th quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company's stock valued at $104,000 after acquiring an additional 575 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on STRL shares. William Blair initiated coverage on Sterling Infrastructure in a report on Friday, January 17th. They issued an "outperform" rating on the stock. StockNews.com cut Sterling Infrastructure from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th. Finally, DA Davidson raised shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price objective on the stock in a research note on Thursday, February 27th.

Sterling Infrastructure Trading Up 5.9 %

STRL traded up $8.89 during trading on Thursday, hitting $158.32. The company's stock had a trading volume of 225,202 shares, compared to its average volume of 490,554. Sterling Infrastructure, Inc. has a twelve month low of $93.50 and a twelve month high of $206.07. The stock has a market cap of $4.82 billion, a PE ratio of 26.79, a PEG ratio of 1.28 and a beta of 1.19. The firm's 50 day moving average price is $126.38 and its 200-day moving average price is $154.12. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29.

About Sterling Infrastructure

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.