Navellier & Associates Inc Has $924,000 Stake in Sterling Construction Company, Inc. (STRL)

Navellier & Associates Inc grew its position in Sterling Construction Company, Inc. (NASDAQ:STRL) by 70.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,778 shares of the construction company’s stock after buying an additional 23,429 shares during the quarter. Navellier & Associates Inc owned 0.21% of Sterling Construction worth $924,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of STRL. Voya Investment Management LLC acquired a new position in shares of Sterling Construction in the 2nd quarter valued at approximately $144,000. Cubist Systematic Strategies LLC acquired a new position in shares of Sterling Construction in the 2nd quarter valued at approximately $194,000. Macquarie Group Ltd. acquired a new position in shares of Sterling Construction in the 3rd quarter valued at approximately $214,000. Virtu Financial LLC acquired a new position in shares of Sterling Construction in the 4th quarter valued at approximately $228,000. Finally, Koshinski Asset Management Inc. acquired a new position in shares of Sterling Construction in the 4th quarter valued at approximately $269,000. Institutional investors own 68.80% of the company’s stock.

STRL has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Sterling Construction from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a research report on Friday, November 3rd. BidaskClub cut shares of Sterling Construction from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 5th. Finally, TheStreet cut shares of Sterling Construction from a “b-” rating to a “c” rating in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $17.00.

In related news, Director Maarten D. Hemsley sold 29,800 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $17.32, for a total transaction of $516,136.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.20% of the stock is owned by corporate insiders.

Sterling Construction Company, Inc. (NASDAQ:STRL) opened at $12.39 on Friday. The stock has a market cap of $341.93, a P/E ratio of 84.27, a P/E/G ratio of 1.18 and a beta of 0.19. Sterling Construction Company, Inc. has a 12-month low of $8.42 and a 12-month high of $18.90. The company has a current ratio of 1.44, a quick ratio of 1.42 and a debt-to-equity ratio of 0.62.

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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.

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

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