Sterling Construction Company Inc (NASDAQ:STRL) shares saw unusually-strong trading volume on Wednesday . Approximately 774,675 shares were traded during mid-day trading, an increase of 159% from the previous session’s volume of 299,300 shares.The stock last traded at $17.86 and had previously closed at $16.91.

A number of equities analysts recently commented on STRL shares. Canaccord Genuity restated a “buy” rating and issued a $15.00 price objective on shares of Sterling Construction in a report on Saturday, August 26th. TheStreet downgraded Sterling Construction from a “b-” rating to a “c” rating in a report on Monday, August 21st. Zacks Investment Research downgraded Sterling Construction from a “buy” rating to a “hold” rating in a report on Saturday, October 21st. Finally, BidaskClub downgraded Sterling Construction from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $17.00.

The firm has a market capitalization of $483.13, a price-to-earnings ratio of 119.07, a P/E/G ratio of 3.65 and a beta of 0.36. The company has a quick ratio of 1.42, a current ratio of 1.44 and a debt-to-equity ratio of 0.62.

Sterling Construction (NASDAQ:STRL) last released its quarterly earnings data on Monday, October 30th. The construction company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. Sterling Construction had a return on equity of 3.90% and a net margin of 0.25%. The firm had revenue of $304.20 million for the quarter, compared to the consensus estimate of $263.69 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The firm’s revenue was up 48.0% on a year-over-year basis. analysts forecast that Sterling Construction Company Inc will post 0.44 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in STRL. Renaissance Technologies LLC grew its holdings in Sterling Construction by 33.4% during the second quarter. Renaissance Technologies LLC now owns 1,479,900 shares of the construction company’s stock valued at $19,342,000 after purchasing an additional 370,800 shares during the last quarter. State Street Corp grew its holdings in Sterling Construction by 2,766.2% during the second quarter. State Street Corp now owns 340,078 shares of the construction company’s stock valued at $4,446,000 after purchasing an additional 328,213 shares during the last quarter. AJO LP acquired a new position in Sterling Construction during the second quarter valued at approximately $4,098,000. First Trust Advisors LP acquired a new position in Sterling Construction during the third quarter valued at approximately $3,608,000. Finally, Allianz Asset Management GmbH grew its holdings in Sterling Construction by 354.3% during the third quarter. Allianz Asset Management GmbH now owns 295,272 shares of the construction company’s stock valued at $4,497,000 after purchasing an additional 230,272 shares during the last quarter. Institutional investors own 71.96% of the company’s stock.

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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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