Algert Global LLC increased its stake in shares of Sterling Construction Company, Inc. (NASDAQ:STRL) by 30.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,014 shares of the construction company’s stock after acquiring an additional 42,321 shares during the quarter. Algert Global LLC’s holdings in Sterling Construction were worth $2,578,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Advisory Services Network LLC acquired a new position in Sterling Construction in the third quarter valued at $110,000. Raymond James Financial Services Advisors Inc. acquired a new position in Sterling Construction in the second quarter valued at $135,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Sterling Construction in the third quarter valued at $150,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Sterling Construction in the third quarter valued at $175,000. Finally, Globeflex Capital L P acquired a new position in Sterling Construction in the third quarter valued at $258,000. Institutional investors own 78.30% of the company’s stock.

NASDAQ STRL opened at $11.47 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $311.29 million, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 1.14 and a beta of 0.63. Sterling Construction Company, Inc. has a one year low of $10.74 and a one year high of $18.90.

Sterling Construction (NASDAQ:STRL) last posted its quarterly earnings data on Tuesday, November 6th. The construction company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The business had revenue of $291.30 million during the quarter, compared to analyst estimates of $301.90 million. Sterling Construction had a net margin of 2.19% and a return on equity of 14.47%. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 earnings per share. Equities analysts anticipate that Sterling Construction Company, Inc. will post 0.92 earnings per share for the current year.

A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of Sterling Construction from a “sell” rating to a “hold” rating in a research note on Friday, November 16th. BidaskClub upgraded shares of Sterling Construction from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. ValuEngine lowered shares of Sterling Construction from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Finally, Canaccord Genuity restated a “buy” rating and issued a $20.00 price objective on shares of Sterling Construction in a research note on Friday, August 10th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $17.50.

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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.

Further Reading: Stock Symbols and CUSIP Explained

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

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