Tygh Capital Management Inc. Has $6.84 Million Stake in Sterling Construction Company, Inc. (NASDAQ:STRL)

Tygh Capital Management Inc. decreased its holdings in shares of Sterling Construction Company, Inc. (NASDAQ:STRL) by 0.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 519,826 shares of the construction company’s stock after selling 897 shares during the quarter. Tygh Capital Management Inc. owned about 1.96% of Sterling Construction worth $6,836,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of STRL. WINTON GROUP Ltd grew its position in shares of Sterling Construction by 13.1% during the 2nd quarter. WINTON GROUP Ltd now owns 13,064 shares of the construction company’s stock worth $175,000 after buying an additional 1,517 shares during the period. Dalton Greiner Hartman Maher & Co. grew its position in shares of Sterling Construction by 27.5% during the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 598,124 shares of the construction company’s stock worth $8,027,000 after buying an additional 129,182 shares during the period. Campbell & CO Investment Adviser LLC grew its position in shares of Sterling Construction by 83.0% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 36,381 shares of the construction company’s stock worth $488,000 after buying an additional 16,498 shares during the period. Bessemer Group Inc. acquired a new stake in shares of Sterling Construction during the 2nd quarter worth approximately $262,000. Finally, Bowling Portfolio Management LLC grew its position in shares of Sterling Construction by 16.2% during the 2nd quarter. Bowling Portfolio Management LLC now owns 100,738 shares of the construction company’s stock worth $1,352,000 after buying an additional 14,034 shares during the period. Institutional investors own 83.33% of the company’s stock.

NASDAQ STRL traded up $0.06 during trading on Monday, reaching $15.20. 13,878 shares of the stock traded hands, compared to its average volume of 175,048. The firm has a market cap of $435.38 million, a price-to-earnings ratio of 16.34 and a beta of 1.18. The stock’s 50-day moving average price is $15.18 and its 200 day moving average price is $13.13. The company has a quick ratio of 1.54, a current ratio of 1.56 and a debt-to-equity ratio of 0.43. Sterling Construction Company, Inc. has a fifty-two week low of $9.71 and a fifty-two week high of $17.49.

Sterling Construction (NASDAQ:STRL) last issued its quarterly earnings data on Tuesday, November 5th. The construction company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.11). The firm had revenue of $291.70 million for the quarter, compared to analyst estimates of $280.50 million. Sterling Construction had a net margin of 2.24% and a return on equity of 14.67%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 EPS. Analysts anticipate that Sterling Construction Company, Inc. will post 1.2 EPS for the current fiscal year.

In related news, CEO Joseph A. Cutillo purchased 48,400 shares of the business’s stock in a transaction on Monday, August 19th. The shares were purchased at an average price of $11.01 per share, with a total value of $532,884.00. Following the completion of the purchase, the chief executive officer now owns 264,527 shares in the company, valued at approximately $2,912,442.27. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Joseph A. Cutillo purchased 35,500 shares of the business’s stock in a transaction on Friday, August 16th. The stock was bought at an average cost of $10.92 per share, for a total transaction of $387,660.00. Following the purchase, the chief executive officer now owns 264,527 shares of the company’s stock, valued at approximately $2,888,634.84. The disclosure for this purchase can be found here. 2.00% of the stock is currently owned by insiders.

Several equities research analysts have recently commented on STRL shares. DA Davidson lifted their price target on shares of Sterling Construction from $18.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Zacks Investment Research upgraded shares of Sterling Construction from a “sell” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Tuesday, October 15th. ValuEngine upgraded shares of Sterling Construction from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, BidaskClub cut shares of Sterling Construction from a “strong-buy” rating to a “buy” rating in a report on Friday, November 1st.

About Sterling Construction

Sterling Construction Company, Inc, together with its subsidiaries, operates as a heavy civil and residential construction company in Arizona, California, Colorado, Hawaii, Nevada, Texas, Utah, and other states in the United States. The company's Heavy Civil Construction segment undertakes heavy civil construction projects, including highways, roads, bridges, airfields, ports, light rail, water, wastewater and storm drainage systems, foundations for multi-family homes, commercial concrete projects, and parking structures.

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

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