Sterling Construction Co Inc (STRL) Files Form 4 Insider Buying : Paul J Varello Buys 125,000 Shares

Sterling Construction Co Inc (STRL): Paul J Varello , CEO of Sterling Construction Co Inc purchased 125,000 shares on May 4, 2016. The Insider buying transaction was reported by the company on May 5, 2016 to the Securities and Exchange Commission. The shares were purchased at $4.00 per share for a total value of $500,000.00 , the company said in a SEC Form 4 Filing.

Shares of Sterling Construction Company (STRL) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.04 points or -0.93% at $4.27 with 15,38,103 shares getting traded. Post opening the session at $4.25, the shares hit an intraday low of $4.23 and an intraday high of $4.55 and the price vacillated in this range throughout the day. The company has a market cap of $84 M and the number of outstanding shares has been calculated to be 1,97,73,170 shares. The 52-week high of Sterling Construction Company is $6.66 and the 52-week low is $3.05.

Sterling Construction Company Money Flow Index Chart

Company has been under the radar of several Street Analysts.Sterling Construction Company is Downgraded by BWS Financial to Hold and the brokerage firm has set the Price Target at $6. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 3, 2016.

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 and light rail and its water infrastructure projects include water wastewater and storm drainage systems. The Company provides its services primarily by using traditional general contracting arrangements including fixed-unit price contracts lump sum contracts and cost-plus contracts. Through its subsidiaries the Company performs construction contracts produces aggregates from a leased quarry and produces asphalt.

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