Sterling Construction Company, Inc. (NASDAQ:STRL) CEO Acquires $532,884.00 in Stock
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.
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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