Renaissance Technologies LLC boosted its stake in Sterling Construction Company Inc (NASDAQ:STRL) by 33.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,479,900 shares of the construction company’s stock after acquiring an additional 370,800 shares during the period. Renaissance Technologies LLC owned 5.48% of Sterling Construction worth $19,342,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. EAM Investors LLC boosted its holdings in Sterling Construction by 199.5% in the second quarter. EAM Investors LLC now owns 146,239 shares of the construction company’s stock valued at $1,911,000 after acquiring an additional 97,406 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in Sterling Construction by 16.5% in the second quarter. Parametric Portfolio Associates LLC now owns 32,559 shares of the construction company’s stock valued at $426,000 after acquiring an additional 4,603 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Sterling Construction by 7.1% in the second quarter. Vanguard Group Inc. now owns 962,759 shares of the construction company’s stock valued at $12,583,000 after acquiring an additional 64,041 shares during the last quarter. AlphaOne Investment Services LLC boosted its holdings in Sterling Construction by 2.2% in the second quarter. AlphaOne Investment Services LLC now owns 486,074 shares of the construction company’s stock valued at $6,354,000 after acquiring an additional 10,650 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Sterling Construction by 382.8% in the second quarter. Northern Trust Corp now owns 286,088 shares of the construction company’s stock valued at $3,739,000 after acquiring an additional 226,832 shares during the last quarter. Institutional investors and hedge funds own 78.39% of the company’s stock.

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Several analysts recently commented on the company. DA Davidson upgraded Sterling Construction from a “neutral” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Thursday, June 29th. Canaccord Genuity reissued a “buy” rating and issued a $15.00 price target on shares of Sterling Construction in a research note on Wednesday, August 9th. Zacks Investment Research raised Sterling Construction from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a research note on Tuesday, August 8th. TheStreet lowered Sterling Construction from a “b-” rating to a “c” rating in a research note on Monday, August 21st. Finally, BidaskClub lowered Sterling Construction from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.00.

Sterling Construction Company Inc (NASDAQ:STRL) opened at 14.69 on Friday. The firm’s market capitalization is $397.07 million. Sterling Construction Company Inc has a 52 week low of $6.13 and a 52 week high of $16.05. The firm has a 50-day moving average price of $14.04 and a 200 day moving average price of $11.58.

Sterling Construction (NASDAQ:STRL) last issued its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.17. The firm had revenue of $264.40 million for the quarter, compared to analyst estimates of $231.42 million. Sterling Construction had a positive return on equity of 0.06% and a negative net margin of 0.33%. The business’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same period last year, the company earned $0.09 EPS. On average, equities research analysts forecast that Sterling Construction Company Inc will post $0.39 earnings per share for the current fiscal year.

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.

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

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