Sterling Construction Co. (NASDAQ:STRL)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $6.72 and last traded at $6.51, with a volume of 55,671 shares trading hands. The stock had previously closed at $6.44.

Several equities analysts have issued reports on STRL shares. Zacks Investment Research lowered Sterling Construction from a “hold” rating to a “strong sell” rating in a research note on Monday, May 16th. Maxim Group cut their target price on Sterling Construction from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday, May 25th. BWS Financial lowered Sterling Construction from a “buy” rating to a “hold” rating and set a $6.00 target price on the stock. in a research note on Tuesday, May 3rd. Finally, DA Davidson upgraded Sterling Construction from a “neutral” rating to a “buy” rating in a research note on Monday, May 9th.

The company’s market cap is $162.76 million. The stock’s 50-day moving average is $5.68 and its 200-day moving average is $5.13.

Sterling Construction (NASDAQ:STRL) last released its quarterly earnings results on Monday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. The company earned $189.60 million during the quarter, compared to analysts’ expectations of $189.83 million. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.13) EPS. Equities research analysts expect that Sterling Construction Co. will post $0.09 EPS for the current fiscal year.

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

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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