Sterling Construction Company, Inc. (NASDAQ:STRL) CEO Joseph A. Cutillo bought 35,500 shares of the stock in a transaction on Friday, August 16th. The stock was purchased at an average cost of $10.92 per share, with a total value of $387,660.00. Following the purchase, the chief executive officer now directly owns 264,527 shares of the company’s stock, valued at approximately $2,888,634.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of STRL stock opened at $11.39 on Friday. The firm has a fifty day moving average of $12.26 and a 200-day moving average of $12.94. The company has a quick ratio of 1.54, a current ratio of 1.56 and a debt-to-equity ratio of 0.43. Sterling Construction Company, Inc. has a 12-month low of $9.71 and a 12-month high of $15.75. The company has a market capitalization of $301.46 million, a price-to-earnings ratio of 12.25 and a beta of 1.10.

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

Hedge funds have recently modified their holdings of the company. Quantamental Technologies LLC bought a new stake in shares of Sterling Construction during the second quarter worth $25,000. Bank of Montreal Can acquired a new position in Sterling Construction during the second quarter worth $30,000. Meeder Asset Management Inc. acquired a new position in Sterling Construction during the first quarter worth $58,000. BNP Paribas Arbitrage SA boosted its holdings 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 worth $70,000 after purchasing an additional 4,888 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in Sterling Construction by 424.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,888 shares of the construction company’s stock worth $97,000 after purchasing an additional 7,194 shares during the last quarter. 83.01% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on STRL. ValuEngine downgraded shares of Sterling Construction from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Zacks Investment Research downgraded shares of Sterling Construction from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Finally, BidaskClub downgraded shares of Sterling Construction from a “buy” rating to a “hold” rating in a research report on Saturday, July 13th.

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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