Sterling Construction (STRL) Raised to Hold at BidaskClub

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

Several other equities research analysts have also commented on the stock. ValuEngine lowered shares of Sterling Construction from a buy rating to a hold rating in a research note on Thursday, March 14th. Zacks Investment Research upgraded shares of Sterling Construction from a sell rating to a hold rating in a research note on Wednesday, January 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $17.50.

Sterling Construction stock opened at $13.75 on Thursday. The firm has a market cap of $363.33 million, a PE ratio of 14.78, a PEG ratio of 1.01 and a beta of 1.04. Sterling Construction has a 12-month low of $9.71 and a 12-month high of $16.07. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.69 and a quick ratio of 1.67.

Sterling Construction (NASDAQ:STRL) last announced its quarterly earnings results on Monday, March 4th. The construction company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02. Sterling Construction had a net margin of 2.43% and a return on equity of 15.44%. The firm had revenue of $255.18 million for the quarter, compared to analyst estimates of $247.85 million. As a group, sell-side analysts forecast that Sterling Construction will post 1.15 earnings per share for the current year.

Large investors have recently made changes to their positions in the stock. New York State Teachers Retirement System acquired a new stake in Sterling Construction during the 4th quarter worth $26,000. Macquarie Group Ltd. raised its stake in Sterling Construction by 111.1% during the 4th quarter. Macquarie Group Ltd. now owns 3,800 shares of the construction company’s stock worth $41,000 after acquiring an additional 2,000 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Sterling Construction during the 1st quarter worth $58,000. Citigroup Inc. increased its stake in Sterling Construction by 17.6% in the fourth quarter. Citigroup Inc. now owns 8,617 shares of the construction company’s stock valued at $94,000 after purchasing an additional 1,292 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased its stake in Sterling Construction by 424.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,888 shares of the construction company’s stock valued at $97,000 after purchasing an additional 7,194 shares during the period. Hedge funds and other institutional investors own 80.31% 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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