Walthausen & Co. LLC Cuts Stake in Sterling Construction Company, Inc. (NASDAQ:STRL)

Walthausen & Co. LLC lowered its position in shares of Sterling Construction Company, Inc. (NASDAQ:STRL) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 227,870 shares of the construction company’s stock after selling 6,420 shares during the period. Walthausen & Co. LLC’s holdings in Sterling Construction were worth $3,208,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Stifel Financial Corp increased its stake in shares of Sterling Construction by 7.2% during the fourth quarter. Stifel Financial Corp now owns 11,859 shares of the construction company’s stock valued at $166,000 after buying an additional 797 shares during the period. State Street Corp increased its stake in shares of Sterling Construction by 0.3% during the third quarter. State Street Corp now owns 478,722 shares of the construction company’s stock valued at $6,295,000 after buying an additional 1,273 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Sterling Construction by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 63,091 shares of the construction company’s stock valued at $889,000 after buying an additional 1,545 shares during the period. Great West Life Assurance Co. Can purchased a new position in Sterling Construction in the fourth quarter valued at about $25,000. Finally, Assenagon Asset Management S.A. grew its stake in Sterling Construction by 1.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 100,973 shares of the construction company’s stock valued at $1,422,000 after purchasing an additional 1,815 shares during the last quarter. Hedge funds and other institutional investors own 80.47% of the company’s stock.

STRL traded up $0.70 on Thursday, hitting $9.66. The company had a trading volume of 165,311 shares, compared to its average volume of 168,402. The stock has a fifty day moving average price of $12.33 and a 200-day moving average price of $13.92. Sterling Construction Company, Inc. has a 12-month low of $7.06 and a 12-month high of $17.49. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $252.04 million, a price-to-earnings ratio of 6.66 and a beta of 0.99.

Sterling Construction (NASDAQ:STRL) last posted its earnings results on Tuesday, March 3rd. The construction company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.61. Sterling Construction had a return on equity of 13.87% and a net margin of 3.54%. The company had revenue of $346.54 million for the quarter, compared to analyst estimates of $295.00 million. Analysts forecast that Sterling Construction Company, Inc. will post 1.4 EPS for the current fiscal year.

Several equities analysts have issued reports on STRL shares. BidaskClub lowered Sterling Construction from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 11th. Zacks Investment Research lowered Sterling Construction from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 1st. Finally, ValuEngine upgraded Sterling Construction from a “sell” rating to a “hold” rating in a research note on Tuesday, February 18th.

In related news, Director Raymond F. Messer bought 12,000 shares of the business’s stock in a transaction on Friday, March 20th. The shares were bought at an average price of $8.00 per share, for a total transaction of $96,000.00. 2.00% of the stock is owned by insiders.

About Sterling Construction

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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