BidaskClub upgraded shares of Sterling Construction (NASDAQ:STRL) from a hold rating to a buy rating in a research report report published on Thursday morning, BidAskClub reports.

STRL has been the topic of several other reports. Zacks Investment Research lowered Sterling Construction from a hold rating to a sell rating in a research report on Friday, August 9th. ValuEngine raised Sterling Construction from a sell rating to a hold rating in a research report on Wednesday, September 4th.

Shares of STRL traded up $0.02 during trading hours on Thursday, hitting $12.51. The stock had a trading volume of 4,837 shares, compared to its average volume of 135,963. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.54 and a current ratio of 1.56. The firm has a market cap of $324.75 million, a P/E ratio of 13.51 and a beta of 1.18. The company’s fifty day simple moving average is $11.53 and its 200 day simple moving average is $12.71. Sterling Construction has a 12-month low of $9.71 and a 12-month high of $15.75.

Sterling Construction (NASDAQ:STRL) last issued its earnings results on Monday, August 5th. The construction company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.03). The firm had revenue of $264.09 million during the quarter, compared to analysts’ expectations of $280.00 million. Sterling Construction had a return on equity of 14.15% and a net margin of 2.34%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period last year, the business posted $0.30 earnings per share. As a group, sell-side analysts predict that Sterling Construction will post 1.04 earnings per share for the current fiscal year.

In related news, CEO Joseph A. Cutillo acquired 35,500 shares of the business’s stock in a transaction on Friday, August 16th. The shares were bought at an average cost of $10.92 per share, with a total value of $387,660.00. Following the completion of the transaction, the chief executive officer now directly owns 264,527 shares of the company’s stock, valued at approximately $2,888,634.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph A. Cutillo acquired 48,400 shares of the business’s stock in a transaction on Monday, August 19th. The stock was bought at an average cost of $11.01 per share, for a total transaction of $532,884.00. Following the completion of the transaction, the chief executive officer now directly owns 264,527 shares of the company’s stock, valued at $2,912,442.27. The disclosure for this purchase can be found here. Company insiders own 2.00% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its position in Sterling Construction by 260.1% in the first quarter. JPMorgan Chase & Co. now owns 746,631 shares of the construction company’s stock valued at $9,348,000 after purchasing an additional 539,301 shares during the period. Wells Fargo & Company MN raised its position in Sterling Construction by 61.1% in the second quarter. Wells Fargo & Company MN now owns 634,825 shares of the construction company’s stock valued at $8,520,000 after purchasing an additional 240,667 shares during the period. Dalton Greiner Hartman Maher & Co. raised its position in Sterling Construction by 39.8% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 611,588 shares of the construction company’s stock valued at $8,208,000 after purchasing an additional 174,100 shares during the period. Royce & Associates LP raised its position in Sterling Construction by 8.2% in the first quarter. Royce & Associates LP now owns 562,099 shares of the construction company’s stock valued at $7,037,000 after purchasing an additional 42,626 shares during the period. Finally, Tygh Capital Management Inc. raised its position in Sterling Construction by 30.2% in the second quarter. Tygh Capital Management Inc. now owns 520,723 shares of the construction company’s stock valued at $6,988,000 after purchasing an additional 120,705 shares during the period. 83.69% of the stock is currently 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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