Sterling Construction Co. (NASDAQ:STRL) shares reached a new 52-week high on Wednesday . The company 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.

STRL has been the subject of a number of analyst reports. Maxim Group reduced their price objective on Sterling Construction from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, May 25th. DA Davidson raised Sterling Construction from a “neutral” rating to a “buy” rating in a research report on Monday, May 9th. BWS Financial lowered 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. Finally, Zacks Investment Research lowered Sterling Construction from a “buy” rating to a “hold” rating in a research report on Wednesday, April 27th.

The company has a 50 day moving average price of $5.78 and a 200-day moving average price of $5.15. The firm’s market capitalization is $165.51 million.

Sterling Construction (NASDAQ:STRL) last announced its earnings results on Monday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.01. The business earned $189.60 million during the quarter, compared to analyst estimates of $189.83 million. During the same period in the previous year, the business earned ($0.13) EPS. Sterling Construction’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities research analysts expect that Sterling Construction Co. will post $0.09 earnings per share for the current year.

A hedge fund recently raised its stake in Sterling Construction stock. Dimensional Fund Advisors LP raised its stake in shares of 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 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 about 3.92% of Sterling Construction worth $4,669,000 at the end of the most recent reporting period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.