Shares of Sterling Construction Co. (NASDAQ:STRL) shot up 4.3% during trading on Monday . The stock traded as high as $6.44 and last traded at $6.07, with a volume of 278,307 shares traded. The stock had previously closed at $5.82.

Several research firms have commented on STRL. Zacks Investment Research raised shares of Sterling Construction from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Maxim Group lowered their target price on shares of Sterling Construction from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, May 25th. DA Davidson raised shares of Sterling Construction from a “neutral” rating to a “buy” rating in a research note on Monday, May 9th. Finally, BWS Financial cut shares of Sterling Construction from a “buy” rating to a “hold” rating and set a $6.00 target price for the company. in a research note on Tuesday, May 3rd.

The company’s market cap is $117.22 million. The firm’s 50-day moving average price is $5.31 and its 200 day moving average price is $5.03.

Sterling Construction (NASDAQ:STRL) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $189.60 million for the quarter, compared to the consensus estimate of $189.83 million. During the same period in the prior year, the company posted ($0.13) earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Equities research analysts expect that Sterling Construction Co. will post $0.17 earnings per share for the current year.

In related news, CEO Paul J. Varello purchased 125,000 shares of Sterling Construction stock in a transaction dated Wednesday, May 4th. The stock was bought at an average cost of $4.00 per share, with a total value of $500,000.00. Following the purchase, the chief executive officer now owns 737,203 shares in the company, valued at approximately $2,948,812. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

An institutional investor recently raised its position in Sterling Construction stock. Dimensional Fund Advisors LP increased its position in Sterling Construction Co. (NASDAQ:STRL) by 7.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 767,920 shares of the company’s stock after buying an additional 50,439 shares during the period. Dimensional Fund Advisors LP owned approximately 3.92% of Sterling Construction worth $4,669,000 as of its most recent filing with the SEC.

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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