Sterling Construction Company Inc (NASDAQ:STRL)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity in a research note issued on Wednesday. They currently have a $15.00 target price on the construction company’s stock. Canaccord Genuity’s price objective would indicate a potential upside of 35.14% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the company. Zacks Investment Research raised Sterling Construction from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Thursday, May 11th. DA Davidson upgraded 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. BidaskClub cut Sterling Construction from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Finally, TheStreet upgraded Sterling Construction from a “c” rating to a “b-” rating in a research note on Wednesday, August 2nd. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Sterling Construction currently has an average rating of “Buy” and a consensus target price of $14.00.

Shares of Sterling Construction (NASDAQ STRL) traded down 0.09% during trading on Wednesday, reaching $11.10. The company’s stock had a trading volume of 374,997 shares. The stock’s market capitalization is $300.00 million. Sterling Construction has a 12-month low of $5.99 and a 12-month high of $14.93. The firm’s 50-day moving average is $12.40 and its 200-day moving average is $10.27.

Sterling Construction (NASDAQ:STRL) last issued its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.17. The business had revenue of $264.40 million during the quarter, compared to the consensus estimate of $231.42 million. Sterling Construction had a positive return on equity of 0.06% and a negative net margin of 0.33%. The company’s quarterly revenue was up 39.5% on a year-over-year basis. During the same quarter last year, the company earned $0.09 earnings per share. Equities analysts expect 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 firm’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $10.63, for a total value of $159,450.00. Following the completion of the transaction, the director now directly owns 45,307 shares in the company, valued at $481,613.41. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 5.20% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of Sterling Construction by 14.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,385,898 shares of the construction company’s stock valued at $12,819,000 after buying an additional 177,239 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Sterling Construction by 11.7% in the first quarter. Renaissance Technologies LLC now owns 1,109,100 shares of the construction company’s stock valued at $10,259,000 after buying an additional 116,100 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Sterling Construction by 10.8% in the first quarter. Vanguard Group Inc. now owns 898,718 shares of the construction company’s stock valued at $8,313,000 after buying an additional 87,436 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Sterling Construction by 9.9% in the second quarter. Acadian Asset Management LLC now owns 854,964 shares of the construction company’s stock valued at $11,175,000 after buying an additional 77,048 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC boosted its position 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 valued at $5,054,000 after buying an additional 98,434 shares in the last quarter. Hedge funds and other institutional investors own 74.58% of the company’s stock.

About Sterling Construction

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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