BidaskClub upgraded shares of Sterling Construction (NASDAQ:STRL) from a strong sell rating to a sell rating in a research note published on Wednesday.
Several other research firms also recently issued reports on STRL. Zacks Investment Research raised Sterling Construction from a sell rating to a hold rating and set a $15.00 price target on the stock in a research note on Wednesday, May 9th. ValuEngine downgraded Sterling Construction from a buy rating to a hold rating in a research note on Saturday, June 2nd. Finally, TheStreet raised Sterling Construction from a c+ rating to a b rating in a research note on Friday, June 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $15.00.
Shares of Sterling Construction opened at $13.59 on Wednesday, Marketbeat reports. The firm has a market cap of $373.15 million, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 1.34 and a beta of 0.46. Sterling Construction has a 12 month low of $9.42 and a 12 month high of $18.90. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.61 and a current ratio of 1.62.
Sterling Construction (NASDAQ:STRL) last issued its quarterly earnings data on Monday, May 7th. The construction company reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.01. The business had revenue of $222.50 million for the quarter, compared to the consensus estimate of $203.10 million. Sterling Construction had a return on equity of 13.26% and a net margin of 1.59%. The firm’s revenue was up 45.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.09) EPS. analysts expect that Sterling Construction will post 0.94 EPS for the current year.
In other Sterling Construction news, Director Marian M. Davenport sold 8,000 shares of Sterling Construction stock in a transaction dated Tuesday, May 22nd. The stock was sold at an average price of $12.81, for a total value of $102,480.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 5.20% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in STRL. Metropolitan Life Insurance Co. NY acquired a new stake in shares of Sterling Construction in the fourth quarter valued at about $145,000. MetLife Investment Advisors LLC acquired a new stake in shares of Sterling Construction in the fourth quarter valued at about $216,000. Virtu Financial LLC acquired a new stake in shares of Sterling Construction in the fourth quarter valued at about $228,000. Stephens Inc. AR acquired a new stake in shares of Sterling Construction in the first quarter valued at about $188,000. Finally, Global X Management Co. LLC acquired a new stake in shares of Sterling Construction in the first quarter valued at about $233,000. 77.18% of the stock is currently owned by hedge funds and other institutional investors.
Sterling Construction Company Profile
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.
Receive News & Ratings for Sterling Construction Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sterling Construction and related companies with MarketBeat.com's FREE daily email newsletter.