Zacks Investment Research upgraded shares of Sterling Construction (NASDAQ:STRL) from a sell rating to a hold rating in a research report sent to investors on Thursday morning.

According to Zacks, “Sterling is a leading heavy civil construction company that specializes in the building and reconstruction of transportation and water infrastructure projects in the U.S. The company’s transportation infrastructure projects include highways, roads, bridges, airfields, ports and light rail. Its water infrastructure projects include water, wastewater and storm drainage systems. “

Other equities analysts have also issued reports about the stock. ValuEngine lowered shares of Sterling Construction from a buy rating to a hold rating in a research note on Saturday, June 2nd. BidaskClub upgraded shares of Sterling Construction from a sell rating to a hold rating in a research note on Wednesday, August 8th. Finally, TheStreet upgraded shares of Sterling Construction from a c+ rating to a b rating in a research note on Friday, June 1st. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of Buy and an average target price of $17.50.

Shares of STRL stock traded down $0.12 during trading hours on Thursday, reaching $15.46. 2,480 shares of the stock were exchanged, compared to its average volume of 160,283. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.64 and a current ratio of 1.65. Sterling Construction has a 12-month low of $9.42 and a 12-month high of $18.90. The firm has a market capitalization of $421.66 million, a price-to-earnings ratio of 28.10, a PEG ratio of 1.51 and a beta of 0.35.

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

In other Sterling Construction news, Director Marian M. Davenport sold 8,000 shares of the stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $12.81, for a total value of $102,480.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 2.20% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in Sterling Construction by 2.9% in the first quarter. JPMorgan Chase & Co. now owns 148,185 shares of the construction company’s stock valued at $1,698,000 after purchasing an additional 4,210 shares during the last quarter. Hancock Holding Co. increased its stake in Sterling Construction by 22.6% in the first quarter. Hancock Holding Co. now owns 22,921 shares of the construction company’s stock valued at $263,000 after purchasing an additional 4,226 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Sterling Construction by 15.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 57,934 shares of the construction company’s stock valued at $664,000 after purchasing an additional 7,800 shares during the last quarter. Metropolitan Life Insurance Co. NY purchased a new position in Sterling Construction in the fourth quarter valued at approximately $145,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in Sterling Construction in the second quarter valued at approximately $135,000. Institutional investors own 78.49% of the company’s stock.

Sterling Construction Company Profile

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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