Shares of Sterling Construction Company Inc (NASDAQ:STRL) have received an average recommendation of “Buy” from the five research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $14.00.

Several analysts have weighed in on STRL shares. Canaccord Genuity reaffirmed a “buy” rating and issued a $15.00 price target on shares of Sterling Construction in a report on Saturday, August 26th. Zacks Investment Research cut Sterling Construction from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. BidaskClub cut Sterling Construction from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. DA Davidson raised Sterling Construction from a “neutral” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Thursday, June 29th. Finally, TheStreet raised Sterling Construction from a “c” rating to a “b-” rating in a report on Wednesday, August 2nd.

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Several hedge funds and other institutional investors have recently made changes to their positions in STRL. Campbell & CO Investment Adviser LLC purchased a new position in shares of Sterling Construction during the 2nd quarter valued at about $143,000. Voya Investment Management LLC purchased a new position in shares of Sterling Construction during the 2nd quarter valued at about $144,000. Highbridge Capital Management LLC purchased a new position in shares of Sterling Construction during the 1st quarter valued at about $150,000. Thompson Davis & CO. Inc. purchased a new position in shares of Sterling Construction during the 2nd quarter valued at about $150,000. Finally, Citadel Advisors LLC raised its holdings in shares of Sterling Construction by 63.6% during the 1st 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. 78.39% of the stock is currently owned by institutional investors.

Sterling Construction (STRL) traded down 0.32% on Friday, reaching $15.40. The company had a trading volume of 344,041 shares. The stock’s market capitalization is $416.26 million. Sterling Construction has a 12-month low of $6.13 and a 12-month high of $15.73. The stock’s 50-day moving average price is $11.80 and its 200-day moving average price is $10.92.

Sterling Construction (NASDAQ:STRL) last released its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.17. Sterling Construction had a positive return on equity of 0.06% and a negative net margin of 0.33%. The firm had revenue of $264.40 million for the quarter, compared to analysts’ expectations of $231.42 million. During the same quarter last year, the firm posted $0.09 EPS. The company’s revenue was up 39.5% compared to the same quarter last year. On average, equities research analysts anticipate that Sterling Construction will post $0.39 EPS for the current fiscal year.

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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