Oppenheimer & Co. Inc. purchased a new position in Sterling Construction Company Inc (NASDAQ:STRL) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,500 shares of the construction company’s stock, valued at approximately $342,000. Oppenheimer & Co. Inc. owned approximately 0.08% of Sterling Construction at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in Sterling Construction by 74.3% during the first quarter. Bank of New York Mellon Corp now owns 24,690 shares of the construction company’s stock valued at $228,000 after acquiring an additional 10,528 shares in the last quarter. Vanguard Group Inc. raised its position in Sterling Construction by 10.8% during the first quarter. Vanguard Group Inc. now owns 898,718 shares of the construction company’s stock valued at $8,313,000 after acquiring an additional 87,436 shares in the last quarter. Geode Capital Management LLC raised its position in Sterling Construction by 0.4% during the first quarter. Geode Capital Management LLC now owns 142,942 shares of the construction company’s stock valued at $1,322,000 after acquiring an additional 558 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Sterling Construction by 14.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,385,898 shares of the construction company’s stock valued at $12,819,000 after acquiring an additional 177,239 shares in the last quarter. Finally, Morgan Stanley raised its position in Sterling Construction by 2,982.3% during the first quarter. Morgan Stanley now owns 169,097 shares of the construction company’s stock valued at $1,564,000 after acquiring an additional 163,611 shares in the last quarter. 71.58% of the stock is owned by institutional investors and hedge funds.

Sterling Construction Company Inc (NASDAQ STRL) opened at $17.05 on Monday. The firm has a market cap of $461.22, a P/E ratio of 113.67, a P/E/G ratio of 3.48 and a beta of 0.37. 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 52-week low of $7.75 and a 52-week high of $18.82.

Sterling Construction (NASDAQ:STRL) last issued its quarterly earnings data on Monday, October 30th. The construction company reported $0.26 earnings per share for the quarter, beating the 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 firm had revenue of $304.20 million for the quarter, compared to analyst estimates of $263.69 million. During the same quarter last year, the firm earned $0.10 earnings per share. The company’s revenue for the quarter was up 48.0% on a year-over-year basis. equities analysts expect that Sterling Construction Company Inc will post 0.44 EPS for the current year.

Several equities analysts recently weighed in on STRL shares. Zacks Investment Research lowered shares of Sterling Construction from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. BidaskClub lowered shares of Sterling Construction from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. TheStreet lowered shares of Sterling Construction from a “b-” rating to a “c” rating in a research report on Monday, August 21st. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $15.00 price objective on shares of Sterling Construction in a research report on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $17.00.

TRADEMARK VIOLATION WARNING: “Oppenheimer & Co. Inc. Takes Position in Sterling Construction Company Inc (STRL)” was published by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.watchlistnews.com/oppenheimer-co-inc-takes-position-in-sterling-construction-company-inc-strl/1742606.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.

Want to see what other hedge funds are holding STRL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sterling Construction Company Inc (NASDAQ:STRL).

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

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