Sterling Construction Co. (NASDAQ:STRL) rose 4.5% during trading on Thursday . The stock traded as high as $5.39 and last traded at $5.37, with a volume of 75,887 shares changing hands. The stock had previously closed at $5.14.

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

The stock’s market cap is $106.15 million. The firm’s 50 day moving average price is $5.00 and its 200 day moving average price is $5.06.

Sterling Construction (NASDAQ:STRL) last announced its earnings results on Monday, May 2nd. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.03) by $0.34. The business had revenue of $126.60 million for the quarter, compared to the consensus estimate of $142.54 million. During the same period last year, the firm posted ($0.90) EPS. Sterling Construction’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities research analysts anticipate that Sterling Construction Co. will post $0.17 earnings per share for the current fiscal year.

In related news, CEO Paul J. Varello purchased 125,000 shares of the stock in a transaction on Wednesday, May 4th. The shares were bought at an average price of $4.00 per share, for a total transaction of $500,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 737,203 shares in the company, valued at approximately $2,948,812. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

A hedge fund recently bought a new stake in Sterling Construction stock. EAM Investors LLC acquired a new position in shares of Sterling Construction Co. (NASDAQ:STRL) during the fourth quarter, Holdings Channel reports. The fund acquired 310,911 shares of the company’s stock, valued at approximately $1,890,000. EAM Investors LLC owned about 1.59% of Sterling Construction 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.

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