Sterling Construction Company Inc (NASDAQ:STRL) shot up 7.1% during mid-day trading on Monday . The company traded as high as $12.90 and last traded at $12.62. 996,204 shares changed hands during mid-day trading, an increase of 141% from the average session volume of 413,163 shares. The stock had previously closed at $11.78.

A number of research firms recently issued reports on STRL. DA Davidson raised Sterling Construction from a “neutral” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Thursday, June 29th. Canaccord Genuity reaffirmed a “buy” rating and issued a $15.00 target price on shares of Sterling Construction in a research note on Wednesday, August 9th. Zacks Investment Research raised Sterling Construction from a “hold” rating to a “strong-buy” rating and set a $12.00 target price on the stock in a research note on Tuesday, August 8th. TheStreet lowered Sterling Construction from a “b-” rating to a “c” rating in a research note on Monday, August 21st. Finally, BidaskClub lowered Sterling Construction from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Sterling Construction currently has a consensus rating of “Buy” and an average price target of $14.00.

The company’s market cap is $341.12 million. The stock’s 50 day moving average price is $11.54 and its 200-day moving average price is $10.52.

Sterling Construction (NASDAQ:STRL) last posted its quarterly earnings data 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. Sterling Construction had a negative net margin of 0.33% and a positive return on equity of 0.06%. The firm had revenue of $264.40 million for the quarter, compared to analysts’ expectations of $231.42 million. During the same period in the previous year, the company posted $0.09 EPS. The company’s quarterly revenue was up 39.5% compared to the same quarter last year. On average, equities research analysts forecast that Sterling Construction Company Inc will post $0.39 earnings per share for the current year.

In other Sterling Construction news, Director Milton L. Scott sold 15,000 shares of Sterling Construction stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $10.63, for a total transaction of $159,450.00. Following the transaction, the director now directly owns 45,307 shares in the company, valued at approximately $481,613.41. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 5.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of STRL. Campbell & CO Investment Adviser LLC purchased a new position in Sterling Construction during the 2nd quarter worth approximately $143,000. Voya Investment Management LLC purchased a new position in Sterling Construction during the 2nd quarter worth approximately $144,000. Highbridge Capital Management LLC purchased a new position in Sterling Construction during the 1st quarter worth approximately $150,000. Thompson Davis & CO. Inc. purchased a new position in Sterling Construction during the 2nd quarter worth approximately $150,000. Finally, Citadel Advisors LLC grew its position in Sterling Construction by 63.6% during the 1st quarter. Citadel Advisors LLC now owns 17,205 shares of the construction company’s stock worth $159,000 after purchasing an additional 6,691 shares in the last quarter. Hedge funds and other institutional investors own 78.39% of the company’s stock.

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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.