Sterling Construction Company Inc (NASDAQ:STRL) has been assigned a consensus rating of “Buy” from the five ratings firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $17.00.

STRL has been the subject of a number of recent analyst reports. BidaskClub cut shares of Sterling Construction from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Canaccord Genuity reiterated a “buy” rating and set a $15.00 target price on shares of Sterling Construction in a research report on Wednesday, August 9th. 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 report on Thursday, October 19th. Finally, TheStreet cut shares of Sterling Construction from a “b-” rating to a “c” rating in a research report on Monday, August 21st.

Sterling Construction (NASDAQ:STRL) opened at $17.86 on Thursday. The company has a market cap of $457.43, a PE ratio of 112.73, a PEG ratio of 3.45 and a beta of 0.36. Sterling Construction has a 1-year low of $7.75 and a 1-year high of $18.82. The company has a current ratio of 1.44, a quick ratio of 1.42 and a debt-to-equity ratio of 0.62.

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

Several institutional investors have recently made changes to their positions in STRL. Bank of New York Mellon Corp increased its position in shares of Sterling Construction by 74.3% during the 1st quarter. Bank of New York Mellon Corp now owns 24,690 shares of the construction company’s stock worth $228,000 after purchasing an additional 10,528 shares in the last quarter. Vanguard Group Inc. increased its position in Sterling Construction by 10.8% in the 1st quarter. Vanguard Group Inc. now owns 898,718 shares of the construction company’s stock valued at $8,313,000 after acquiring an additional 87,436 shares in the last quarter. Geode Capital Management LLC increased its position in Sterling Construction by 0.4% in the 1st quarter. Geode Capital Management LLC now owns 142,942 shares of the construction company’s stock valued at $1,322,000 after acquiring an additional 558 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Sterling Construction by 14.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,385,898 shares of the construction company’s stock valued at $12,819,000 after acquiring an additional 177,239 shares in the last quarter. Finally, Morgan Stanley increased its position in Sterling Construction by 2,982.3% in the 1st quarter. Morgan Stanley now owns 169,097 shares of the construction company’s stock valued at $1,564,000 after acquiring an additional 163,611 shares in the last quarter. Institutional investors and hedge funds own 71.96% 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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