Strs Ohio raised its stake in Sterling Construction Company, Inc. (NASDAQ:STRL) by 4.0% during the first quarter, Holdings Channel reports. The fund owned 46,800 shares of the construction company’s stock after buying an additional 1,800 shares during the period. Strs Ohio’s holdings in Sterling Construction were worth $585,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in STRL. BlackRock Inc. grew its position in Sterling Construction by 4.5% in the 3rd quarter. BlackRock Inc. now owns 2,020,455 shares of the construction company’s stock worth $28,933,000 after purchasing an additional 86,589 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Sterling Construction by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,646,543 shares of the construction company’s stock worth $23,578,000 after purchasing an additional 22,658 shares during the last quarter. JPMorgan Chase & Co. grew its position in Sterling Construction by 22.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 160,069 shares of the construction company’s stock worth $2,292,000 after purchasing an additional 28,953 shares during the last quarter. MetLife Investment Advisors LLC grew its position in Sterling Construction by 54.3% in the 3rd quarter. MetLife Investment Advisors LLC now owns 20,440 shares of the construction company’s stock worth $293,000 after purchasing an additional 7,194 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Sterling Construction in the 3rd quarter worth $1,775,000. 80.48% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have issued reports on STRL. ValuEngine upgraded shares of Sterling Construction from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. BidaskClub upgraded shares of Sterling Construction from a “hold” rating to a “buy” rating in a research report on Wednesday, February 20th. Finally, Zacks Investment Research lowered shares of Sterling Construction from a “hold” rating to a “sell” rating in a research report on Friday, March 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $17.50.
NASDAQ STRL opened at $13.84 on Tuesday. The company has a current ratio of 1.69, a quick ratio of 1.67 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $367.03 million, a price-to-earnings ratio of 14.88, a P/E/G ratio of 1.09 and a beta of 1.05. Sterling Construction Company, Inc. has a 52-week low of $9.71 and a 52-week high of $16.07.
Sterling Construction (NASDAQ:STRL) last posted its quarterly earnings results on Monday, May 6th. The construction company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.06). The company had revenue of $223.90 million during the quarter, compared to analyst estimates of $225.85 million. Sterling Construction had a return on equity of 15.44% and a net margin of 2.43%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.09 earnings per share. Research analysts forecast that Sterling Construction Company, Inc. will post 1.15 EPS for the current fiscal year.
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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.
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