Sterling Construction Co. (NASDAQ:STRL) was downgraded by equities researchers at DA Davidson from a “buy” rating to a “neutral” rating in a report issued on Monday. They currently have a $9.00 price objective on the stock. DA Davidson’s target price points to a potential upside of 7.40% from the stock’s current price. The analysts noted that the move was a valuation call.

Separately, Zacks Investment Research cut Sterling Construction from a “hold” rating to a “sell” rating in a report on Thursday, August 4th.

Shares of Sterling Construction (NASDAQ:STRL) opened at 8.38 on Monday. Sterling Construction has a 12 month low of $3.69 and a 12 month high of $8.60. The firm’s market capitalization is $209.52 million. The stock has a 50 day moving average of $7.32 and a 200-day moving average of $5.80.

Sterling Construction (NASDAQ:STRL) last issued its earnings results on Monday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.01. Sterling Construction had a positive return on equity of 12.00% and a negative net margin of 0.96%. The firm had revenue of $189.60 million for the quarter, compared to analysts’ expectations of $189.83 million. During the same quarter in the previous year, the firm posted ($0.13) EPS. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities research analysts anticipate that Sterling Construction will post $0.16 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the stock. Algert Global LLC acquired a new position in shares of Sterling Construction during the third quarter worth about $462,000. Advisory Research Inc. acquired a new position in shares of Sterling Construction during the second quarter worth about $197,000. Parametric Portfolio Associates LLC raised its position in shares of Sterling Construction by 358.5% in the second quarter. Parametric Portfolio Associates LLC now owns 141,420 shares of the company’s stock worth $694,000 after buying an additional 110,579 shares during the last quarter. Spark Investment Management LLC raised its position in shares of Sterling Construction by 81.7% in the second quarter. Spark Investment Management LLC now owns 40,700 shares of the company’s stock worth $199,000 after buying an additional 18,300 shares during the last quarter. Finally, Wall Street Associates acquired a new position in shares of Sterling Construction during the second quarter worth about $1,550,000. 66.13% of the stock is currently owned by institutional investors.

About Sterling Construction

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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