Sterling Construction (STRL) Upgraded by TheStreet to B-

Sterling Construction (NASDAQ:STRL) was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating in a research note issued to investors on Tuesday.

STRL has been the topic of a number of other research reports. Canaccord Genuity reiterated a “buy” rating and issued a $15.00 price target on shares of Sterling Construction in a research note on Saturday, August 26th. Zacks Investment Research cut shares of Sterling Construction from a “buy” rating to a “hold” rating in a research note on Saturday, October 21st. Finally, BidaskClub cut shares of Sterling Construction from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 5th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Sterling Construction presently has a consensus rating of “Buy” and a consensus price target of $17.00.

Sterling Construction (NASDAQ:STRL) traded down $0.86 during trading hours on Tuesday, hitting $17.09. 238,887 shares of the stock were exchanged, compared to its average volume of 299,640. The stock has a market cap of $467.98, a P/E ratio of 115.33, a PEG ratio of 3.53 and a beta of 0.36. The company has a quick ratio of 1.42, a current ratio of 1.44 and a debt-to-equity ratio of 0.62. Sterling Construction has a 12-month low of $7.75 and a 12-month high of $18.90.

Sterling Construction (NASDAQ:STRL) last announced its quarterly earnings results on Monday, October 30th. The construction company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.04. The company had revenue of $304.20 million for the quarter, compared to analysts’ expectations of $263.69 million. Sterling Construction had a net margin of 0.25% and a return on equity of 3.90%. Sterling Construction’s revenue was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 EPS. analysts expect that Sterling Construction will post 0.44 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in STRL. Vanguard Group Inc. boosted its stake in Sterling Construction by 10.8% in the 1st quarter. Vanguard Group Inc. now owns 898,718 shares of the construction company’s stock worth $8,313,000 after purchasing an additional 87,436 shares in the last quarter. Geode Capital Management LLC boosted its stake 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 worth $1,322,000 after purchasing an additional 558 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 worth $12,819,000 after purchasing an additional 177,239 shares in the last quarter. Morgan Stanley lifted its stake in Sterling Construction by 2,982.3% during 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 during the period. Finally, Russell Investments Group Ltd. lifted its stake in Sterling Construction by 14.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 140,085 shares of the construction company’s stock valued at $1,830,000 after acquiring an additional 17,160 shares during the period. Institutional investors 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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