TheStreet upgraded shares of Sterling Construction Company Inc (NASDAQ:STRL) from a c rating to a b- rating in a report published on Wednesday.

A number of other equities analysts have also commented on STRL. Canaccord Genuity reissued a buy rating and issued a $12.00 price target on shares of Sterling Construction in a report on Friday, April 28th. Zacks Investment Research raised shares of Sterling Construction from a hold rating to a buy rating and set a $12.00 price objective for the company in a research note on Thursday, May 11th. DA Davidson raised shares of Sterling Construction from a neutral rating to a buy rating and set a $15.00 price objective for the company in a research note on Thursday, June 29th. Finally, BidaskClub cut shares of Sterling Construction from a strong-buy rating to a buy rating in a research note on Monday, July 24th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Sterling Construction has an average rating of Buy and a consensus price target of $14.00.

Shares of Sterling Construction (NASDAQ STRL) traded down 3.64% during trading on Wednesday, hitting $10.33. 465,800 shares of the stock were exchanged. The firm’s market capitalization is $279.19 million. Sterling Construction has a 52 week low of $5.81 and a 52 week high of $14.93. The stock’s 50 day moving average price is $12.40 and its 200 day moving average price is $10.27.

Sterling Construction (NASDAQ:STRL) last issued its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.17. The firm had revenue of $264.40 million for the quarter, compared to analyst estimates of $231.42 million. Sterling Construction had a negative net margin of 0.33% and a positive return on equity of 0.07%. The business’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.09 EPS. On average, equities analysts predict that Sterling Construction will post $0.39 earnings per share for the current year.

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In other news, Director Milton L. Scott sold 15,000 shares of the company’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $10.63, for a total value of $159,450.00. Following the completion of the sale, the director now owns 45,307 shares of the company’s stock, valued at approximately $481,613.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.20% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in STRL. Argent Capital Management LLC boosted its stake in shares of Sterling Construction by 2.4% in the first quarter. Argent Capital Management LLC now owns 306,530 shares of the construction company’s stock worth $2,835,000 after buying an additional 7,325 shares during the period. Pacific Ridge Capital Partners LLC boosted its stake in shares of Sterling Construction by 22.0% in the first quarter. Pacific Ridge Capital Partners LLC now owns 546,420 shares of the construction company’s stock worth $5,054,000 after buying an additional 98,434 shares during the period. Hancock Holding Co. acquired a new stake in shares of Sterling Construction during the first quarter worth about $181,000. AlphaOne Investment Services LLC boosted its stake in shares of Sterling Construction by 14.9% in the first quarter. AlphaOne Investment Services LLC now owns 475,424 shares of the construction company’s stock worth $4,397,000 after buying an additional 61,824 shares during the period. Finally, Trexquant Investment LP boosted its stake in shares of Sterling Construction by 8.1% in the first quarter. Trexquant Investment LP now owns 19,977 shares of the construction company’s stock worth $185,000 after buying an additional 1,489 shares during the period. 74.20% of the stock is owned by institutional investors.

Sterling Construction Company Profile

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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