Sterling Construction Company Inc (NASDAQ:STRL) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Friday.

Other research analysts also recently issued research reports about the stock. TheStreet raised shares of Sterling Construction from a “c” rating to a “b-” rating in a research report on Wednesday, August 2nd. DA Davidson raised shares of Sterling Construction from a “neutral” rating to a “buy” rating and set a $15.00 target price for the company in a report on Thursday, June 29th. Zacks Investment Research raised shares of Sterling Construction from a “hold” rating to a “strong-buy” rating and set a $12.00 target price for the company in a report on Tuesday, August 8th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $12.00 price objective on shares of Sterling Construction in a research note on Friday, April 28th. One investment analyst has rated the stock with a sell rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $14.00.

Shares of Sterling Construction (NASDAQ STRL) remained flat at $9.76 during mid-day trading on Friday. 146,530 shares of the company’s stock were exchanged. Sterling Construction has a 12 month low of $6.06 and a 12 month high of $14.93. The stock’s market capitalization is $263.81 million. The company’s 50 day moving average price is $12.26 and its 200 day moving average price is $10.39.

Sterling Construction (NASDAQ:STRL) last issued its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.17. Sterling Construction had a negative net margin of 0.33% and a positive return on equity of 0.06%. The business had revenue of $264.40 million for the quarter, compared to analyst estimates of $231.42 million. During the same period last year, the business posted $0.09 earnings per share. The firm’s quarterly revenue was up 39.5% on a year-over-year basis. Equities research analysts anticipate that Sterling Construction will post $0.39 earnings per share for the current year.

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In other news, Director Milton L. Scott sold 15,000 shares of the company’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $10.63, for a total value of $159,450.00. Following the sale, the director now directly owns 45,307 shares of the company’s stock, valued at approximately $481,613.41. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 5.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of STRL. Campbell & CO Investment Adviser LLC bought a new position in shares of Sterling Construction during the second quarter valued at about $143,000. Voya Investment Management LLC acquired a new position in Sterling Construction during the second quarter valued at $144,000. Highbridge Capital Management LLC acquired a new position in Sterling Construction during the first quarter valued at $150,000. Thompson Davis & CO. Inc. acquired a new position in Sterling Construction during the second quarter valued at $150,000. Finally, Citadel Advisors LLC increased its position in Sterling Construction by 63.6% in the first quarter. Citadel Advisors LLC now owns 17,205 shares of the construction company’s stock valued at $159,000 after buying an additional 6,691 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

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.

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