Sterling Construction Company, Inc. (NASDAQ:STRL) CEO Joseph A. Cutillo acquired 48,400 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were acquired at an average cost of $11.01 per share, for a total transaction of $532,884.00. Following the transaction, the chief executive officer now owns 264,527 shares of the company’s stock, valued at approximately $2,912,442.27. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

STRL traded up $0.25 during midday trading on Tuesday, hitting $11.50. 7,542 shares of the company’s stock traded hands, compared to its average volume of 150,013. The company has a market cap of $292.72 million, a PE ratio of 12.33 and a beta of 1.10. The stock’s fifty day simple moving average is $12.39 and its 200-day simple moving average is $12.97. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.56 and a quick ratio of 1.54. Sterling Construction Company, Inc. has a one year low of $9.71 and a one year high of $15.75.

Sterling Construction (NASDAQ:STRL) last issued its quarterly earnings data on Monday, August 5th. The construction company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.03). The business had revenue of $264.09 million for the quarter, compared to the consensus estimate of $280.00 million. Sterling Construction had a net margin of 2.34% and a return on equity of 14.15%. Sterling Construction’s revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS. On average, research analysts expect that Sterling Construction Company, Inc. will post 1.04 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA raised its position in Sterling Construction by 728.5% during the first quarter. BNP Paribas Arbitrage SA now owns 5,559 shares of the construction company’s stock valued at $70,000 after acquiring an additional 4,888 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Sterling Construction in the first quarter valued at approximately $249,000. Dalton Greiner Hartman Maher & Co. raised its position in shares of Sterling Construction by 27.5% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 598,124 shares of the construction company’s stock valued at $8,027,000 after purchasing an additional 129,182 shares during the period. Martingale Asset Management L P raised its position in shares of Sterling Construction by 7.3% in the first quarter. Martingale Asset Management L P now owns 108,878 shares of the construction company’s stock valued at $1,365,000 after purchasing an additional 7,400 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Sterling Construction by 7.2% in the fourth quarter. Bank of New York Mellon Corp now owns 196,892 shares of the construction company’s stock valued at $2,144,000 after purchasing an additional 13,154 shares during the period. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on the stock. ValuEngine lowered shares of Sterling Construction from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. BidaskClub lowered shares of Sterling Construction from a “buy” rating to a “hold” rating in a research report on Saturday, July 13th. Finally, Zacks Investment Research lowered shares of Sterling Construction from a “hold” rating to a “sell” rating in a research report on Friday, August 9th.

Sterling Construction Company Profile

Sterling Construction Company, Inc, together with its subsidiaries, operates as a heavy civil and residential construction company in Arizona, California, Colorado, Hawaii, Nevada, Texas, Utah, and other states in the United States. The company's Heavy Civil Construction segment undertakes heavy civil construction projects, including highways, roads, bridges, airfields, ports, light rail, water, wastewater and storm drainage systems, foundations for multi-family homes, commercial concrete projects, and parking structures.

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