BidaskClub upgraded shares of Sterling Construction (NASDAQ:STRL) from a sell rating to a hold rating in a report released on Wednesday.

A number of other analysts have also recently commented on the stock. TheStreet upgraded shares of Sterling Construction from a c+ rating to a b rating in a research report on Friday, June 1st. ValuEngine upgraded shares of Sterling Construction from a buy rating to a strong-buy rating in a research report on Wednesday, April 18th. Finally, Zacks Investment Research upgraded shares of Sterling Construction from a sell rating to a hold rating and set a $15.00 price objective for the company in a research report on Wednesday, May 9th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $17.50.

STRL opened at $15.58 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.65 and a quick ratio of 1.64. Sterling Construction has a 12 month low of $9.42 and a 12 month high of $18.90. The firm has a market capitalization of $416.79 million, a P/E ratio of 28.33, a PEG ratio of 1.49 and a beta of 0.35.

Sterling Construction (NASDAQ:STRL) last released its quarterly earnings data on Thursday, August 2nd. The construction company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.05. Sterling Construction had a net margin of 1.99% and a return on equity of 13.94%. The business had revenue of $268.70 million during the quarter, compared to analysts’ expectations of $259.95 million. During the same quarter in the prior year, the company earned $0.13 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. sell-side analysts forecast that Sterling Construction will post 0.94 earnings per share for the current fiscal year.

In other Sterling Construction news, Director Marian M. Davenport sold 8,000 shares of the stock in a transaction dated Tuesday, May 22nd. The stock was sold at an average price of $12.81, for a total transaction of $102,480.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.20% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in STRL. Bank of New York Mellon Corp increased its holdings in Sterling Construction by 9.3% during the 4th quarter. Bank of New York Mellon Corp now owns 174,689 shares of the construction company’s stock worth $2,843,000 after purchasing an additional 14,838 shares in the last quarter. Geode Capital Management LLC increased its holdings in Sterling Construction by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 232,990 shares of the construction company’s stock worth $3,793,000 after purchasing an additional 13,943 shares in the last quarter. Deutsche Bank AG increased its holdings in Sterling Construction by 219.9% during the 4th quarter. Deutsche Bank AG now owns 188,140 shares of the construction company’s stock worth $3,060,000 after purchasing an additional 129,319 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Sterling Construction by 80.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 30,215 shares of the construction company’s stock worth $492,000 after purchasing an additional 13,425 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY bought a new position in Sterling Construction during the 4th quarter worth about $145,000. Hedge funds and other institutional investors own 78.70% of the company’s stock.

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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