Lazard Asset Management LLC bought a new position in shares of Sterling Construction Company, Inc. (NASDAQ:STRL – Get Rating) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 12,218 shares of the construction company’s stock, valued at approximately $321,000.
Several other hedge funds have also made changes to their positions in STRL. Dorsey Wright & Associates acquired a new position in shares of Sterling Construction during the 4th quarter worth approximately $53,000. Patriot Financial Group Insurance Agency LLC increased its position in shares of Sterling Construction by 23.4% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 2,097 shares of the construction company’s stock worth $55,000 after purchasing an additional 397 shares in the last quarter. Strs Ohio purchased a new stake in shares of Sterling Construction during the fourth quarter worth approximately $170,000. Metropolitan Life Insurance Co NY increased its position in shares of Sterling Construction by 22.9% during the third quarter. Metropolitan Life Insurance Co NY now owns 7,573 shares of the construction company’s stock worth $172,000 after purchasing an additional 1,409 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of Sterling Construction by 127.1% during the third quarter. BNP Paribas Arbitrage SA now owns 7,741 shares of the construction company’s stock worth $175,000 after purchasing an additional 4,333 shares in the last quarter. 79.00% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:STRL opened at $22.93 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.11. The business has a fifty day moving average of $26.02 and a two-hundred day moving average of $26.92. The stock has a market cap of $693.93 million, a P/E ratio of 9.48 and a beta of 1.23. Sterling Construction Company, Inc. has a 52-week low of $20.17 and a 52-week high of $32.14.
Several analysts recently commented on the company. StockNews.com assumed coverage on Sterling Construction in a research report on Thursday, March 31st. They set a “buy” rating for the company. Zacks Investment Research upgraded Sterling Construction from a “sell” rating to a “hold” rating in a research report on Wednesday, May 4th.
Sterling Construction Company Profile (Get Rating)
Sterling Construction Company, Inc engages in the transportation, e-infrastructure, and building solutions primarily in the Southern United States, the Northeastern and Mid-Atlantic United States, the Rocky Mountain states, California, and Hawaii. It undertakes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, light rail, water, wastewater, and storm drainage systems for the departments of transportation in various states, regional transit authorities, airport authorities, port authorities, water authorities and railroads.
- Get a free copy of the StockNews.com research report on Sterling Construction (STRL)
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