Shares of Sterling Construction Co. (NASDAQ:STRL) rose 3.3% during mid-day trading on Thursday . The company traded as high as $5.67 and last traded at $5.63, with a volume of 68,484 shares. The stock had previously closed at $5.45.

STRL has been the subject of a number of research reports. Zacks Investment Research cut Sterling Construction from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. BWS Financial cut Sterling Construction from a “buy” rating to a “hold” rating and set a $6.00 target price for the company. in a report on Tuesday, May 3rd. DA Davidson upgraded Sterling Construction from a “neutral” rating to a “buy” rating in a report on Monday, May 9th. Finally, Maxim Group decreased their price target on Sterling Construction from $8.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday, May 25th.

The firm has a 50-day moving average price of $5.12 and a 200-day moving average price of $5.04. The company’s market capitalization is $111.29 million.

Sterling Construction (NASDAQ:STRL) last posted its earnings results on Monday, May 2nd. The company reported ($0.37) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.34. During the same period in the previous year, the business earned ($0.90) EPS. The company earned $126.60 million during the quarter, compared to analyst estimates of $142.54 million. Sterling Construction’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities analysts forecast that Sterling Construction Co. will post $0.17 earnings per share for the current year.

In related news, CEO Paul J. Varello bought 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 4th. The stock was acquired at an average price of $4.00 per share, for a total transaction of $500,000.00. Following the transaction, the chief executive officer now directly owns 737,203 shares of the company’s stock, valued at $2,948,812. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

A hedge fund recently bought a new stake in Sterling Construction stock. EAM Investors LLC bought a new stake in Sterling Construction Co. (NASDAQ:STRL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 310,911 shares of the company’s stock, valued at approximately $1,890,000. EAM Investors LLC owned about 1.59% of Sterling Construction 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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