BidaskClub upgraded shares of Sterling Construction (NASDAQ:STRL) from a sell rating to a hold rating in a research note published on Wednesday morning.

Several other research analysts have also recently issued reports on STRL. Zacks Investment Research cut Sterling Construction from a buy rating to a hold rating in a research report on Thursday, June 14th. ValuEngine raised Sterling Construction from a hold rating to a buy rating in a research report on Friday, August 3rd. Finally, TheStreet raised Sterling Construction from a c+ rating to a b rating in a research report on Friday, June 1st. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $17.50.

Sterling Construction opened at $15.58 on Wednesday, Marketbeat Ratings reports. The stock has a market cap of $415.43 million, a PE ratio of 28.33, a price-to-earnings-growth ratio of 1.48 and a beta of 0.35. Sterling Construction has a 1 year low of $9.42 and a 1 year high of $18.90. The company has a quick ratio of 1.64, a current ratio of 1.65 and a debt-to-equity ratio of 0.54.

Sterling Construction (NASDAQ:STRL) last released its quarterly earnings data on Thursday, August 2nd. The construction company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.05. The business had revenue of $268.70 million during the quarter, compared to analysts’ expectations of $259.95 million. Sterling Construction had a return on equity of 13.94% and a net margin of 1.99%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 EPS. research analysts forecast that Sterling Construction will post 0.94 earnings per share for the current year.

In related news, Director Marian M. Davenport sold 8,000 shares of the company’s stock in a transaction dated Tuesday, May 22nd. The stock was sold at an average price of $12.81, for a total value of $102,480.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.20% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Metropolitan Life Insurance Co. NY purchased a new stake in Sterling Construction during the 4th quarter valued at approximately $145,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Sterling Construction during the 2nd quarter valued at approximately $135,000. MetLife Investment Advisors LLC purchased a new stake in Sterling Construction during the 4th quarter valued at approximately $216,000. Stephens Inc. AR purchased a new stake in Sterling Construction during the 1st quarter valued at approximately $188,000. Finally, Global X Management Co. LLC purchased a new stake in Sterling Construction during the 1st quarter valued at approximately $233,000. 78.70% of the stock is owned by hedge funds and other 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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