Thomson Horstmann & Bryant Inc. grew its holdings in shares of Sterling Construction Company, Inc. (NASDAQ:STRL) by 12.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 341,045 shares of the construction company’s stock after purchasing an additional 38,569 shares during the period. Thomson Horstmann & Bryant Inc. owned approximately 1.26% of Sterling Construction worth $5,552,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Voya Investment Management LLC acquired a new position in Sterling Construction during the 2nd quarter worth approximately $144,000. Cubist Systematic Strategies LLC acquired a new position in Sterling Construction during the 2nd quarter worth approximately $194,000. Macquarie Group Ltd. purchased a new stake in shares of Sterling Construction during the 3rd quarter worth approximately $214,000. Ameriprise Financial Inc. purchased a new stake in shares of Sterling Construction during the 2nd quarter worth approximately $306,000. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of Sterling Construction by 21.2% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 20,677 shares of the construction company’s stock worth $315,000 after acquiring an additional 3,621 shares in the last quarter. Institutional investors own 71.91% of the company’s stock.
Shares of Sterling Construction Company, Inc. (STRL) opened at $15.31 on Thursday. The company has a market capitalization of $409.83, a price-to-earnings ratio of 306.26, a PEG ratio of 1.41 and a beta of 0.37. The company has a current ratio of 1.44, a quick ratio of 1.42 and a debt-to-equity ratio of 0.62. Sterling Construction Company, Inc. has a twelve month low of $7.75 and a twelve month high of $18.90.
Sterling Construction (NASDAQ:STRL) last released its quarterly earnings data on Monday, October 30th. The construction company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The business 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 business’s revenue for the quarter was up 48.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 EPS. research analysts predict that Sterling Construction Company, Inc. will post 0.44 earnings per share for the current year.
STRL has been the topic of several research analyst reports. TheStreet raised Sterling Construction from a “c+” rating to a “b-” rating in a research note on Tuesday, December 12th. BidaskClub lowered Sterling Construction from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 5th. Finally, Zacks Investment Research raised Sterling Construction from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Thursday, October 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. Sterling Construction presently has an average rating of “Hold” and an average price target of $17.00.
In other Sterling Construction news, Director Maarten D. Hemsley sold 29,800 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $17.32, for a total value of $516,136.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 5.20% of the company’s stock.
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Sterling Construction 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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