Engineers Gate Manager LP acquired a new stake in shares of Sterling Construction Company Inc (NASDAQ:STRL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 70,399 shares of the construction company’s stock, valued at approximately $1,072,000. Engineers Gate Manager LP owned about 0.26% of Sterling Construction as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Voya Investment Management LLC acquired a new stake in Sterling Construction during the 2nd quarter valued at $144,000. Thompson Davis & CO. Inc. acquired a new stake in Sterling Construction during the 2nd quarter valued at $150,000. Airain ltd acquired a new stake in Sterling Construction during the 2nd quarter valued at $168,000. Macquarie Group Ltd. acquired a new stake in Sterling Construction during the 3rd quarter valued at $214,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Sterling Construction during the 2nd quarter valued at $194,000. Institutional investors own 71.96% of the company’s stock.

Sterling Construction Company Inc (NASDAQ STRL) opened at $17.30 on Wednesday. Sterling Construction Company Inc has a one year low of $7.75 and a one year high of $18.90. The company has a quick ratio of 1.42, a current ratio of 1.44 and a debt-to-equity ratio of 0.62. The firm has a market cap of $474.21, a price-to-earnings ratio of 116.87, a PEG ratio of 3.58 and a beta of 0.36.

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

Several analysts have issued reports on STRL shares. Canaccord Genuity reissued a “buy” rating and set a $15.00 target price on shares of Sterling Construction in a research note on Saturday, August 26th. TheStreet downgraded shares of Sterling Construction from a “b-” rating to a “c” rating in a research note on Monday, August 21st. Zacks Investment Research downgraded shares of Sterling Construction from a “buy” rating to a “hold” rating in a research note on Saturday, October 21st. Finally, BidaskClub downgraded shares of Sterling Construction from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 5th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $17.00.

ILLEGAL ACTIVITY NOTICE: This piece was originally published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another site, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.watchlistnews.com/engineers-gate-manager-lp-acquires-new-stake-in-sterling-construction-company-inc-strl/1760947.html.

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.

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

Receive News & Ratings for Sterling Construction Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sterling Construction and related companies with MarketBeat.com's FREE daily email newsletter.