BidaskClub upgraded shares of Sterling Construction (NASDAQ:STRL) from a hold rating to a buy rating in a report issued on Thursday morning.
STRL has been the subject of a number of other reports. Zacks Investment Research raised Sterling Construction from a hold rating to a buy rating and set a $15.00 price target for the company in a research report on Thursday, October 4th. ValuEngine downgraded Sterling Construction from a hold rating to a sell rating in a research report on Wednesday, December 19th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $17.50.
Shares of STRL stock traded up $0.23 during trading hours on Thursday, reaching $12.45. The company had a trading volume of 160,500 shares, compared to its average volume of 170,688. Sterling Construction has a 12 month low of $9.71 and a 12 month high of $16.68. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $326.17 million, a PE ratio of 22.64, a P/E/G ratio of 0.89 and a beta of 0.82.
Sterling Construction (NASDAQ:STRL) last posted its earnings results on Tuesday, November 6th. The construction company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.02). Sterling Construction had a net margin of 2.19% and a return on equity of 14.47%. The company had revenue of $291.30 million during the quarter, compared to the consensus estimate of $301.90 million. During the same quarter in the prior year, the business earned $0.26 EPS. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, equities research analysts anticipate that Sterling Construction will post 0.92 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of STRL. Advisory Services Network LLC purchased a new stake in Sterling Construction in the third quarter worth $110,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Sterling Construction in the third quarter worth $150,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Sterling Construction in the third quarter worth $175,000. Globeflex Capital L P purchased a new stake in Sterling Construction in the third quarter worth $258,000. Finally, MetLife Investment Advisors LLC increased its position in Sterling Construction by 54.3% in the third quarter. MetLife Investment Advisors LLC now owns 20,440 shares of the construction company’s stock worth $293,000 after buying an additional 7,194 shares during the last quarter. 78.30% of the stock is owned by institutional investors.
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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