Shares of Sterling Construction Co. (NASDAQ:STRL) dropped 2.7% during trading on Tuesday . The stock traded as low as $6.89 and last traded at $6.91, with a volume of 146,325 shares trading hands. The stock had previously closed at $7.10.

STRL has been the subject of several recent research reports. DA Davidson set a $9.00 target price on shares of Sterling Construction and gave the company a “buy” rating in a research note on Monday, September 12th. Maxim Group cut their target price on shares of Sterling Construction from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, May 25th. Finally, Zacks Investment Research raised shares of Sterling Construction from a “sell” rating to a “hold” rating in a research note on Tuesday, September 13th.

The stock’s 50 day moving average price is $6.52 and its 200-day moving average price is $5.47. The stock’s market cap is $172.26 million.

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Sterling Construction (NASDAQ:STRL) last announced its earnings results on Monday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $189.60 million for the quarter, compared to analyst estimates of $189.83 million. Sterling Construction had a positive return on equity of 12.00% and a negative net margin of 0.96%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the business earned ($0.13) EPS. Equities research analysts forecast that Sterling Construction Co. will post $0.16 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the company. Advisory Research Inc. purchased a new stake in shares of Sterling Construction during the second quarter worth about $197,000. Parametric Portfolio Associates LLC boosted its stake in Sterling Construction by 358.5% in the second quarter. Parametric Portfolio Associates LLC now owns 141,420 shares of the company’s stock valued at $694,000 after buying an additional 110,579 shares during the last quarter. Spark Investment Management LLC boosted its stake in Sterling Construction by 81.7% in the second quarter. Spark Investment Management LLC now owns 40,700 shares of the company’s stock valued at $199,000 after buying an additional 18,300 shares during the last quarter. Wall Street Associates bought a new stake in Sterling Construction during the second quarter valued at $1,550,000. Finally, Willis Investment Counsel boosted its stake in Sterling Construction by 1.2% in the second quarter. Willis Investment Counsel now owns 286,666 shares of the company’s stock valued at $1,408,000 after buying an additional 3,350 shares during the last quarter. Institutional investors and hedge funds own 66.29% of the company’s stock.

Sterling Construction Company Profile

Sterling Construction Company, Inc is a heavy civil construction company engaged in the building and reconstruction of transportation and water infrastructure projects in Texas, Utah, Nevada, Arizona, California, Hawaii and other states. The Company’s transportation infrastructure projects include highways, roads, bridges, airfields, ports and light rail.

5 Day Chart for NASDAQ:STRL

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