Sterling Construction Company, Inc. (STRL) Shares Bought by Geode Capital Management LLC

By: Kylann Brozow 

Geode Capital Management LLC grew its position in shares of Sterling Construction Company, Inc. (NASDAQ:STRL) by 6.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 276,986 shares of the construction company’s stock after buying an additional 15,917 shares during the period. Geode Capital Management LLC owned about 1.02% of Sterling Construction worth $3,016,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System bought a new position in Sterling Construction during the 4th quarter worth approximately $26,000. Citigroup Inc. raised its position in shares of Sterling Construction by 17.6% during the 4th quarter. Citigroup Inc. now owns 8,617 shares of the construction company’s stock worth $94,000 after purchasing an additional 1,292 shares during the period. Stephens Inc. AR acquired a new stake in shares of Sterling Construction during the 4th quarter worth approximately $109,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Sterling Construction during the 4th quarter worth approximately $116,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Sterling Construction during the 4th quarter worth approximately $136,000. 80.31% of the stock is currently owned by institutional investors.

STRL opened at $13.37 on Friday. Sterling Construction Company, Inc. has a 12 month low of $9.71 and a 12 month high of $16.07. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.67 and a current ratio of 1.69. The company has a market capitalization of $353.29 million, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 1.05 and a beta of 1.04.

Sterling Construction (NASDAQ:STRL) last posted its earnings results on Monday, March 4th. The construction company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. Sterling Construction had a return on equity of 15.44% and a net margin of 2.43%. The firm had revenue of $255.18 million for the quarter, compared to analysts’ expectations of $247.85 million. As a group, research analysts expect that Sterling Construction Company, Inc. will post 1.15 earnings per share for the current fiscal year.

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