Sterling Construction Company (STRL) : Cwh Capital Management added new position in Sterling Construction Company during the most recent quarter end. The investment management firm now holds 411,695 shares of Sterling Construction Company which is valued at $2,548,392 , the company said in a statement filed on Aug 10, 2016 with the SEC.Sterling Construction Company makes up approximately 1.77% of Cwh Capital Management’s portfolio.
Other Hedge Funds, Including , Blackrock Institutional Trust Company N.a. boosted its stake in STRL in the latest quarter, The investment management firm added 4,367 additional shares and now holds a total of 476,706 shares of Sterling Construction Company which is valued at $2,950,810.Acrospire Investment Management boosted its stake in STRL in the latest quarter, The investment management firm added 5,285 additional shares and now holds a total of 7,961 shares of Sterling Construction Company which is valued at $48,801. Sterling Construction Company makes up approx 0.04% of Acrospire Investment Management’s portfolio. Argent Capital Management added STRL to its portfolio by purchasing 248,025 company shares during the most recent quarter which is valued at $1,535,275. Sterling Construction Company makes up approx 0.07% of Argent Capital Management’s portfolio. Diam Ltd. added STRL to its portfolio by purchasing 40,600 company shares during the most recent quarter which is valued at $238,322.
Sterling Construction Company closed down -0.03 points or -0.45% at $6.59 with 1,43,414 shares getting traded on Friday. Post opening the session at $6.66, the shares hit an intraday low of $6.5 and an intraday high of $6.86 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Sterling Construction Company reported $0.09 EPS for the quarter, based on the information available during the earnings call on Aug 1, 2016. Analyst had a consensus estimate of $0.09. The company had revenue of $189.60 million for the quarter, compared to analysts expectations of $180.83 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.13 EPS.
Many Wall Street Analysts have commented on Sterling Construction Company. Shares were Reiterated by Maxim Group on May 25, 2016 to “Buy” and Lowered the Price Target to $ 6 from a previous price target of $8 .
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.