Sterling Construction Co. (NASDAQ:STRL) saw unusually-strong trading volume on Monday . Approximately 146,060 shares changed hands during trading, an increase of 9% from the previous session’s volume of 134,369 shares.The stock last traded at $7.09 and had previously closed at $7.08.
Several equities research analysts have recently issued reports on STRL shares. Zacks Investment Research raised shares of Sterling Construction from a “sell” rating to a “hold” rating in a research report on Tuesday, September 13th. Maxim Group decreased their price objective on shares of Sterling Construction from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, May 25th. Finally, DA Davidson set a $9.00 price objective on shares of Sterling Construction and gave the stock a “buy” rating in a research report on Monday, September 12th.
The firm’s 50 day moving average price is $6.49 and its 200 day moving average price is $5.45. The company’s market capitalization is $177.51 million.
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Sterling Construction (NASDAQ:STRL) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.01. The company had revenue of $189.60 million for the quarter, compared to analysts’ expectations of $189.83 million. Sterling Construction had a positive return on equity of 12.00% and a negative net margin of 0.96%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.13) EPS. Equities analysts predict that Sterling Construction Co. will post $0.11 EPS for the current year.
Institutional investors have recently bought and sold shares of the company. A.R.T. Advisors LLC bought a new position in Sterling Construction during the first quarter worth $107,000. Spark Investment Management LLC acquired a new stake in Sterling Construction during the first quarter valued at about $115,000. AJO LP acquired a new stake in Sterling Construction during the second quarter valued at about $174,000. Advisory Research Inc. acquired a new stake in Sterling Construction during the second quarter valued at about $197,000. Finally, DIAM Co. Ltd. acquired a new stake in Sterling Construction during the second quarter valued at about $199,000. 66.29% of the stock is currently owned by institutional investors.
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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