Sterling Construction Co. (NASDAQ:STRL) saw strong trading volume on Friday . 86,501 shares were traded during mid-day trading, an increase of 23% from the previous session’s volume of 70,457 shares.The stock last traded at $5.70 and had previously closed at $5.63.

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

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

Sterling Construction (NASDAQ:STRL) last posted its 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 had revenue of $126.60 million for the quarter, compared to analyst estimates of $142.54 million. During the same quarter in the prior year, the firm posted ($0.90) earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts anticipate that Sterling Construction Co. will post $0.17 earnings per share for the current fiscal year.

In other news, CEO Paul J. Varello bought 125,000 shares of Sterling Construction stock in a transaction dated Wednesday, May 4th. The shares were acquired at an average cost of $4.00 per share, with a total value of $500,000.00. Following the completion of the transaction, the chief executive officer now 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 raised its stake in Sterling Construction stock. Dimensional Fund Advisors LP boosted its position in Sterling Construction Co. (NASDAQ:STRL) by 7.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor 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.

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