Canaccord Genuity reissued their buy rating on shares of Sterling Construction Company Inc (NASDAQ:STRL) in a research note published on Saturday morning. They currently have a $15.00 target price on the construction company’s stock.

A number of other analysts have also weighed in on STRL. TheStreet lowered Sterling Construction from a b- rating to a c rating in a report on Monday, August 21st. BidaskClub lowered Sterling Construction from a hold rating to a sell rating in a report on Friday, August 18th. Zacks Investment Research upgraded 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, DA Davidson upgraded 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. One equities research analyst has rated the stock with a sell rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $14.00.

Sterling Construction (STRL) traded up 3.11% during midday trading on Friday, hitting $9.94. The stock had a trading volume of 420,017 shares. Sterling Construction has a 12 month low of $6.13 and a 12 month high of $14.93. The company’s market cap is $268.68 million. The firm’s 50-day moving average price is $11.70 and its 200 day moving average price is $10.42.

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

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

Several hedge funds have recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Sterling Construction during the second quarter valued at approximately $143,000. Voya Investment Management LLC acquired a new stake in shares of Sterling Construction during the second quarter valued at approximately $144,000. Highbridge Capital Management LLC acquired a new stake in shares of Sterling Construction during the first quarter valued at approximately $150,000. Thompson Davis & CO. Inc. acquired a new stake in shares of Sterling Construction during the second quarter valued at approximately $150,000. Finally, Citadel Advisors LLC raised its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

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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