American Century Companies Inc. lifted its position in shares of Sterling Construction Company Inc (NASDAQ:STRL) by 680.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 196,077 shares of the construction company’s stock after acquiring an additional 170,956 shares during the quarter. American Century Companies Inc. owned approximately 0.73% of Sterling Construction worth $2,986,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Chicago Equity Partners LLC boosted its holdings in shares of Sterling Construction by 169.9% during the 3rd quarter. Chicago Equity Partners LLC now owns 339,850 shares of the construction company’s stock valued at $5,176,000 after acquiring an additional 213,921 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of Sterling Construction by 21.2% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 20,677 shares of the construction company’s stock valued at $315,000 after acquiring an additional 3,621 shares in the last quarter. Rice Hall James & Associates LLC boosted its holdings in shares of Sterling Construction by 17.6% during the 3rd quarter. Rice Hall James & Associates LLC now owns 271,590 shares of the construction company’s stock valued at $4,136,000 after acquiring an additional 40,646 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of Sterling Construction during the 3rd quarter valued at $3,608,000. Finally, Thomson Horstmann & Bryant Inc. boosted its holdings in shares of Sterling Construction by 29.2% during the 3rd quarter. Thomson Horstmann & Bryant Inc. now owns 302,476 shares of the construction company’s stock valued at $4,606,000 after acquiring an additional 68,289 shares in the last quarter. 75.50% of the stock is currently owned by institutional investors.

Several equities research analysts recently weighed in on the company. Zacks Investment Research raised Sterling Construction from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective on the stock in a report on Friday, November 3rd. Canaccord Genuity reissued a “buy” rating and set 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. Finally, BidaskClub downgraded Sterling Construction from a “hold” rating to a “sell” rating in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $17.00.

Sterling Construction Company Inc (NASDAQ:STRL) opened at $17.35 on Friday. The stock has a market capitalization of $469.33, a price-to-earnings ratio of 115.67, a P/E/G ratio of 3.54 and a beta of 0.39. The company has a current ratio of 1.44, a quick ratio of 1.42 and a debt-to-equity ratio of 0.62. Sterling Construction Company Inc has a 12-month low of $7.75 and a 12-month high of $18.82.

Sterling Construction (NASDAQ:STRL) last announced its earnings results on Monday, October 30th. The construction company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.04. The business had revenue of $304.20 million during the quarter, compared to analyst estimates of $263.69 million. Sterling Construction had a return on equity of 3.90% and a net margin of 0.25%. Sterling Construction’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same period last year, the company earned $0.10 EPS. equities research analysts anticipate that Sterling Construction Company Inc will post 0.44 earnings per share for the current year.

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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.

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

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