Shares of Sterling Construction Co. (NASDAQ:STRL) shot up 3.9% on Tuesday . The stock traded as high as $6.48 and last traded at $6.47, with a volume of 58,867 shares. The stock had previously closed at $6.23.

Several brokerages have recently weighed in on STRL. BWS Financial downgraded shares of Sterling Construction from a “buy” rating to a “hold” rating and set a $6.00 price objective for the company. in a research report on Tuesday, May 3rd. Zacks Investment Research downgraded shares of Sterling Construction from a “buy” rating to a “hold” rating in a research report on Wednesday, April 27th. Maxim Group reduced their price objective on shares of Sterling Construction from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, May 25th. Finally, DA Davidson upgraded shares of Sterling Construction from a “neutral” rating to a “buy” rating in a research report on Monday, May 9th.

The firm’s market cap is $165.01 million. The company’s 50-day moving average price is $5.72 and its 200 day moving average price is $5.14.

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

A hedge fund recently raised its stake in Sterling Construction stock. Dimensional Fund Advisors LP raised its position in Sterling Construction Co. (NASDAQ:STRL) by 7.0% during the fourth quarter, according to its most recent Form 13F 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 approximately 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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