Sterling Construction (STRL) Downgraded by BidaskClub to “Strong Sell”

Sterling Construction (NASDAQ:STRL) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Thursday.

A number of other research analysts have also issued reports on the stock. TheStreet lowered shares of Sterling Construction from a “b-” rating to a “c” rating in a report on Monday, January 22nd. Zacks Investment Research lowered shares of Sterling Construction from a “strong-buy” rating to a “hold” rating in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $17.00.

Sterling Construction (NASDAQ STRL) traded up $0.40 during trading hours on Thursday, reaching $12.57. 287,871 shares of the company’s stock were exchanged, compared to its average volume of 295,515. The stock has a market cap of $340.03, a price-to-earnings ratio of 251.45, a price-to-earnings-growth ratio of 1.17 and a beta of 0.19. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.42 and a current ratio of 1.44. Sterling Construction has a 52 week low of $8.42 and a 52 week high of $18.90.

In other news, Director Maarten D. Hemsley sold 29,800 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $17.32, for a total transaction of $516,136.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.20% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in shares of Sterling Construction by 4.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,553,682 shares of the construction company’s stock valued at $23,663,000 after acquiring an additional 70,860 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Sterling Construction by 33.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,479,900 shares of the construction company’s stock valued at $19,342,000 after acquiring an additional 370,800 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Sterling Construction by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 962,759 shares of the construction company’s stock valued at $12,583,000 after acquiring an additional 64,041 shares during the last quarter. Wells Fargo & Company MN increased its position in Sterling Construction by 6.4% during the 2nd quarter. Wells Fargo & Company MN now owns 379,278 shares of the construction company’s stock worth $4,957,000 after purchasing an additional 22,880 shares in the last quarter. Finally, Northpointe Capital LLC acquired a new stake in Sterling Construction during the 4th quarter worth approximately $6,149,000. 71.48% of the stock is owned by institutional investors.

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Sterling Construction Company Profile

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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