Sterling Construction (NASDAQ:STRL) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday.

A number of other equities analysts also recently issued reports on the company. Zacks Investment Research raised Sterling Construction from a “hold” rating to a “strong-buy” rating and set a $21.00 price target for the company in a report on Friday, November 3rd. Canaccord Genuity reissued a “buy” rating and issued a $15.00 price objective on shares of Sterling Construction in a report on Saturday, August 26th. Finally, TheStreet downgraded Sterling Construction from a “b-” rating to a “c” rating in a report on Monday, August 21st. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.00.

Sterling Construction (STRL) opened at $17.86 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 1.44 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $464.20, a P/E ratio of 114.40, a P/E/G ratio of 3.51 and a beta of 0.36. Sterling Construction has a fifty-two week low of $7.75 and a fifty-two week high of $18.82.

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, beating the Zacks’ consensus estimate of $0.22 by $0.04. The firm had revenue of $304.20 million during the quarter, compared to the consensus estimate of $263.69 million. Sterling Construction had a return on equity of 3.90% and a net margin of 0.25%. The firm’s quarterly revenue was up 48.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.10 earnings per share. equities analysts anticipate that Sterling Construction will post 0.44 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Sterling Construction by 4.8% in the third 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 period. Renaissance Technologies LLC boosted its holdings in shares of Sterling Construction by 33.4% in the second 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 period. Vanguard Group Inc. boosted its holdings in shares of Sterling Construction by 7.1% in the second 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 period. AlphaOne Investment Services LLC boosted its holdings in shares of Sterling Construction by 2.2% in the second quarter. AlphaOne Investment Services LLC now owns 486,074 shares of the construction company’s stock valued at $6,354,000 after acquiring an additional 10,650 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Sterling Construction by 6.4% in the second quarter. Wells Fargo & Company MN now owns 379,278 shares of the construction company’s stock valued at $4,957,000 after acquiring an additional 22,880 shares during the period. 71.96% of the stock is owned by institutional investors and hedge funds.

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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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