The stock of Sterling Construction Company, Inc. (NASDAQ:STRL) hit a new 52-week high and has $16.99 target or 108.00% above today’s $8.17 share price. The 6 months bullish chart indicates low risk for the $208.62M company. The 1-year high was reported on Oct, 7 by Barchart.com. If the $16.99 price target is reached, the company will be worth $225.31 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 94,781 shares traded hands. Sterling Construction Company, Inc. (NASDAQ:STRL) has risen 60.31% since March 4, 2016 and is uptrending. It has outperformed by 52.28% the S&P500.
Analysts await Sterling Construction Company, Inc. (NASDAQ:STRL) to report earnings on November, 14. They expect $0.21 earnings per share, up 2,000.00% or $0.20 from last year’s $0.01 per share. STRL’s profit will be $5.36 million for 9.73 P/E if the $0.21 EPS becomes a reality. After $0.09 actual earnings per share reported by Sterling Construction Company, Inc. for the previous quarter, Wall Street now forecasts 133.33% EPS growth.
Sterling Construction Company, Inc. (NASDAQ:STRL) Ratings Coverage
Out of 3 analysts covering Sterling Construction (NASDAQ:STRL), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Sterling Construction has been the topic of 5 analyst reports since August 12, 2015 according to StockzIntelligence Inc. As per Tuesday, May 3, the company rating was downgraded by BWS Financial. The company was upgraded on Monday, May 9 by DA Davidson.
According to Zacks Investment Research, “Sterling Construction Company, Inc. is a holding company which has historically operated as a wholesale distributor to the automotive aftermarket and construction through two subsidiaries, Steel City Products and Dowling’s Fleet Service.”
Insitutional Activity: The institutional sentiment increased to 2.3 in Q2 2016. Its up 1.40, from 0.9 in 2016Q1. The ratio improved, as 7 funds sold all Sterling Construction Company, Inc. shares owned while 13 reduced positions. 20 funds bought stakes while 26 increased positions. They now own 16.06 million shares or 28.48% more from 12.50 million shares in 2016Q1.
Group Inc One Trading L P holds 133 shares or 0% of its portfolio. Oxford Asset Management holds 67,985 shares or 0.01% of its portfolio. Allianz Asset Mgmt Ag holds 0% or 11,663 shares in its portfolio. The Massachusetts-based Geode Capital Mngmt Ltd Liability Co has invested 0% in Sterling Construction Company, Inc. (NASDAQ:STRL). Us National Bank & Trust De owns 14,595 shares or 0% of their US portfolio. Adirondack Rech & Management owns 954,763 shares or 1.76% of their US portfolio. Ancora Advisors Ltd Liability Corporation has invested 0.09% of its portfolio in Sterling Construction Company, Inc. (NASDAQ:STRL). California Pub Employees Retirement Systems has invested 0% of its portfolio in Sterling Construction Company, Inc. (NASDAQ:STRL). The New York-based Springbok Cap Ltd Co has invested 0.01% in Sterling Construction Company, Inc. (NASDAQ:STRL). Acadian Asset Management Limited Liability last reported 169,843 shares in the company. Franklin Inc has 0% invested in the company for 1.18 million shares. Brandywine Management Limited Liability Corp last reported 0% of its portfolio in the stock. Bridgeway Cap accumulated 0.02% or 307,436 shares. Argent Limited Liability Com last reported 0.05% of its portfolio in the stock. Tfs Cap Limited Co has 102,992 shares for 0.09% of their US portfolio.
Insider Transactions: Since May 4, 2016, the stock had 1 insider purchase, and 0 sales for $500,000 net activity. 125,000 shares were bought by VARELLO PAUL J, worth $500,000 on Wednesday, May 4.
More notable recent Sterling Construction Company, Inc. (NASDAQ:STRL) news were published by: Businesswire.com which released: “Sterling Construction Company, Inc. Selected as Part of JV with Steve P. Rados …” on September 26, 2016, also Businesswire.com with their article: “Sterling Construction Company, Inc. Affiliate, Road and Highway Builders, is …” published on January 04, 2016, Businesswire.com published: “Sterling Construction Company, Inc. Announces Closing of Common Stock Offering” on May 09, 2016. More interesting news about Sterling Construction Company, Inc. (NASDAQ:STRL) were released by: Finance.Yahoo.com and their article: “Sterling Construction Hits 52-Week High on Pipeline Strength” published on September 12, 2016 as well as Businesswire.com‘s news article titled: “Sterling Construction Company, Inc. Reports 2015 Fourth Quarter and Full Year …” with publication date: March 14, 2016.
STRL Company Profile
Sterling Construction Company, Inc., incorporated on April 1, 1991, is a heavy civil construction firm 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. The Company’s water infrastructure projects include water, wastewater and storm drainage systems. The Firm operates through heavy civil construction segment. The Firm provides its services by using traditional general contracting arrangements, such as lump sum contracts and cost-plus contracts.
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