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

Other research analysts have also issued research reports about the stock. ValuEngine raised shares of Sterling Construction from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research raised shares of Sterling Construction from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $17.50.

Shares of STRL stock opened at $13.75 on Thursday. The company has a quick ratio of 1.67, a current ratio of 1.69 and a debt-to-equity ratio of 0.46. The stock has a market cap of $363.33 million, a price-to-earnings ratio of 14.78, a P/E/G ratio of 1.01 and a beta of 1.04. Sterling Construction has a 1-year low of $9.71 and a 1-year high of $16.07.

Sterling Construction (NASDAQ:STRL) last announced its earnings results on Monday, March 4th. The construction company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The company had revenue of $255.18 million during the quarter, compared to analyst estimates of $247.85 million. Sterling Construction had a net margin of 2.43% and a return on equity of 15.44%. Equities research analysts anticipate that Sterling Construction will post 1.15 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in STRL. New York State Teachers Retirement System acquired a new stake in shares of Sterling Construction during the fourth quarter worth about $26,000. Macquarie Group Ltd. lifted its position in shares of Sterling Construction by 111.1% during the fourth quarter. Macquarie Group Ltd. now owns 3,800 shares of the construction company’s stock worth $41,000 after purchasing an additional 2,000 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Sterling Construction during the first quarter worth about $58,000. Citigroup Inc. lifted its position in shares of Sterling Construction by 17.6% during the fourth quarter. Citigroup Inc. now owns 8,617 shares of the construction company’s stock worth $94,000 after purchasing an additional 1,292 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its position in shares of Sterling Construction by 424.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,888 shares of the construction company’s stock worth $97,000 after purchasing an additional 7,194 shares in the last quarter. 80.31% of the stock is owned by 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.

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