BidaskClub Upgrades Sterling Construction (STRL) to Hold

Sterling Construction (NASDAQ:STRL) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other equities research analysts also recently issued reports about the company. TheStreet raised Sterling Construction from a “c+” rating to a “b-” rating in a report on Tuesday, December 12th. Zacks Investment Research upgraded shares of Sterling Construction from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Thursday, October 19th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Sterling Construction presently has an average rating of “Buy” and an average price target of $17.00.

Shares of Sterling Construction (STRL) opened at $15.26 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.42 and a current ratio of 1.44. The firm has a market capitalization of $412.80, a P/E ratio of 306.06, a price-to-earnings-growth ratio of 1.43 and a beta of 0.37. Sterling Construction has a 1-year low of $7.75 and a 1-year high of $18.90.

Sterling Construction (NASDAQ:STRL) last released its quarterly earnings data on Monday, October 30th. The construction company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. The company had revenue of $304.20 million for the quarter, compared to the consensus estimate of $263.69 million. Sterling Construction had a return on equity of 3.90% and a net margin of 0.25%. The company’s quarterly revenue was up 48.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 earnings per share. equities research analysts predict that Sterling Construction will post 0.44 EPS for the current fiscal year.

In other news, Director Maarten D. Hemsley sold 29,800 shares of Sterling Construction stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $17.32, for a total value of $516,136.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.20% of the company’s stock.

Several large investors have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System raised its stake in shares of Sterling Construction by 21.2% in the third quarter. State Board of Administration of Florida Retirement System now owns 20,677 shares of the construction company’s stock valued at $315,000 after acquiring an additional 3,621 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Sterling Construction by 16.5% in the second quarter. Parametric Portfolio Associates LLC now owns 32,559 shares of the construction company’s stock valued at $426,000 after acquiring an additional 4,603 shares during the last quarter. Argent Capital Management LLC raised its stake in shares of Sterling Construction by 1.5% in the third quarter. Argent Capital Management LLC now owns 354,580 shares of the construction company’s stock valued at $5,400,000 after acquiring an additional 5,075 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Sterling Construction by 17.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 50,134 shares of the construction company’s stock valued at $817,000 after acquiring an additional 7,334 shares during the last quarter. Finally, Voya Investment Management LLC bought a new position in shares of Sterling Construction in the second quarter valued at approximately $144,000. Institutional investors own 71.91% of the company’s stock.

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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.

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