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

STRL has been the topic of a number of recent analyst reports. Zacks Investment Research cut Sterling Construction from a “hold” rating to a “strong sell” rating in a research report on Monday, May 16th. Maxim Group decreased their price target on Sterling Construction from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, May 25th. BWS Financial cut Sterling Construction from a “buy” rating to a “hold” rating and set a $6.00 price target on the stock. in a research report on Tuesday, May 3rd. Finally, DA Davidson raised Sterling Construction from a “neutral” rating to a “buy” rating in a research note on Monday, May 9th.

The firm’s 50 day moving average is $5.14 and its 200-day moving average is $5.04. The firm’s market cap is $112.68 million.

Sterling Construction (NASDAQ:STRL) last issued its quarterly earnings results on Monday, May 2nd. The company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.34. The firm earned $126.60 million during the quarter, compared to analysts’ expectations of $142.54 million. During the same quarter in the previous year, the company earned ($0.90) earnings per share. Sterling Construction’s revenue was up 7.6% on a year-over-year basis. On average, equities research analysts predict that Sterling Construction Co. will post $0.17 EPS for the current fiscal year.

In other news, CEO Paul J. Varello purchased 125,000 shares of the company’s stock in a transaction dated Wednesday, May 4th. The shares were purchased at an average price of $4.00 per share, with a total value 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 document filed with the SEC, which is available through the SEC website.

A hedge fund recently bought a new stake in Sterling Construction stock. EAM Investors LLC purchased a new position in shares of Sterling Construction Co. (NASDAQ:STRL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 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 SEC filing.

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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