Sterling Construction Co. (NASDAQ:STRL) saw unusually-strong trading volume on Tuesday . Approximately 155,872 shares changed hands during mid-day trading, an increase of 130% from the previous session’s volume of 67,909 shares.The stock last traded at $5.90 and had previously closed at $5.93.

A number of analysts have recently issued reports on STRL shares. Zacks Investment Research lowered Sterling Construction from a “hold” rating to a “strong sell” rating in a report on Monday, May 16th. Maxim Group dropped their price target on shares of Sterling Construction from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday, May 25th. BWS Financial downgraded shares of Sterling Construction from a “buy” rating to a “hold” rating and set a $6.00 price target on the stock. in a research note on Tuesday, May 3rd. Finally, DA Davidson raised shares of Sterling Construction from a “neutral” rating to a “buy” rating in a research note on Monday, May 9th.

The firm has a 50-day moving average price of $5.37 and a 200-day moving average price of $5.04. The company’s market cap is $116.63 million.

Sterling Construction (NASDAQ:STRL) last released its earnings results on Monday, August 1st. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $189.60 million for the quarter, compared to analysts’ expectations of $189.83 million. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.13) earnings per share. On average, analysts predict that Sterling Construction Co. will post $0.17 EPS for the current fiscal year.

In other Sterling Construction news, CEO Paul J. Varello bought 125,000 shares of the stock in a transaction on Wednesday, May 4th. The stock was purchased at an average price of $4.00 per share, with a total value of $500,000.00. Following the acquisition, the chief executive officer now owns 737,203 shares of the company’s stock, valued at $2,948,812. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

A hedge fund recently raised its stake in Sterling Construction stock. Dimensional Fund Advisors LP raised its position in Sterling Construction Co. (NASDAQ:STRL) by 7.0% during the fourth quarter, according to its most recent Form 13F filing 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 quarter.

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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