D.A. Davidson & CO. Invests $524,000 in Sterling Construction Company Inc (STRL) Stock

D.A. Davidson & CO. purchased a new stake in shares of Sterling Construction Company Inc (NASDAQ:STRL) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 45,688 shares of the construction company’s stock, valued at approximately $524,000. D.A. Davidson & CO. owned approximately 0.17% of Sterling Construction at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Oppenheimer & Co. Inc. increased its position in shares of Sterling Construction by 28.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 28,800 shares of the construction company’s stock valued at $469,000 after buying an additional 6,300 shares in the last quarter. Two Sigma Advisers LP increased its position in shares of Sterling Construction by 5.2% in the fourth quarter. Two Sigma Advisers LP now owns 137,882 shares of the construction company’s stock valued at $2,245,000 after buying an additional 6,800 shares in the last quarter. Cadence Capital Management LLC increased its position in shares of Sterling Construction by 7.8% in the fourth quarter. Cadence Capital Management LLC now owns 99,620 shares of the construction company’s stock valued at $1,622,000 after buying an additional 7,177 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Sterling Construction by 17.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 50,134 shares of the construction company’s stock valued at $817,000 after buying an additional 7,334 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY purchased a new stake in shares of Sterling Construction in the fourth quarter valued at approximately $145,000. Institutional investors and hedge funds own 70.88% of the company’s stock.

Shares of STRL opened at $12.92 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.62 and a quick ratio of 1.61. Sterling Construction Company Inc has a one year low of $12.77 and a one year high of $12.91. The company has a market cap of $344.77 million, a P/E ratio of 23.49, a PEG ratio of 1.23 and a beta of 0.43.

Sterling Construction (NASDAQ:STRL) last issued its quarterly earnings results on Monday, May 7th. The construction company reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.01. Sterling Construction had a return on equity of 13.26% and a net margin of 1.59%. The firm had revenue of $222.50 million during the quarter, compared to analysts’ expectations of $203.10 million. During the same period in the previous year, the business earned ($0.09) earnings per share. The firm’s revenue for the quarter was up 45.0% on a year-over-year basis. equities analysts predict that Sterling Construction Company Inc will post 0.94 EPS for the current year.

In other news, COO Con L. Wadsworth purchased 8,000 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The stock was purchased at an average cost of $12.43 per share, for a total transaction of $99,440.00. Following the completion of the transaction, the chief operating officer now owns 68,670 shares of the company’s stock, valued at $853,568.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.20% of the stock is currently owned by insiders.

STRL has been the subject of a number of recent analyst reports. BidaskClub upgraded Sterling Construction from a “sell” rating to a “hold” rating in a research report on Saturday, January 20th. TheStreet cut Sterling Construction from a “b-” rating to a “c” rating in a research report on Monday, January 22nd. ValuEngine upgraded Sterling Construction from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Zacks Investment Research cut Sterling Construction from a “hold” rating to a “sell” rating in a research report on Saturday, March 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $15.00.

Sterling Construction Profile

Sterling Construction Company, Inc, together with its subsidiaries, operates as a heavy civil and residential construction company in Arizona, California, Colorado, Hawaii, Nevada, Texas, Utah, and other states in the United States. The company's Heavy Civil Construction segment undertakes heavy civil construction projects, including highways, roads, bridges, airfields, ports, light rail, water, wastewater and storm drainage systems, foundations for multi-family homes, commercial concrete projects, and parking structures.

Institutional Ownership by Quarter for Sterling Construction (NASDAQ:STRL)

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