Sterling Construction (STRL) Upgraded to “Strong-Buy” at ValuEngine

Sterling Construction (NASDAQ:STRL) was upgraded by equities researchers at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued on Wednesday.

A number of other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Sterling Construction from a “strong-buy” rating to a “hold” rating in a report on Friday, January 5th. BidaskClub raised shares of Sterling Construction from a “sell” rating to a “hold” rating in a report on Saturday, January 20th. Finally, TheStreet downgraded shares of Sterling Construction from a “b-” rating to a “c” rating in a report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $17.00.

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NASDAQ STRL traded down $0.05 during trading on Wednesday, reaching $12.18. The company’s stock had a trading volume of 67,559 shares, compared to its average volume of 253,197. The company has a quick ratio of 1.50, a current ratio of 1.53 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $306.84, a P/E ratio of 21.91, a P/E/G ratio of 1.14 and a beta of 0.41. Sterling Construction has a 12 month low of $8.61 and a 12 month high of $18.90.

Sterling Construction (NASDAQ:STRL) last posted its quarterly earnings data on Monday, March 5th. The construction company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.02). The business had revenue of $253.90 million during the quarter, compared to the consensus estimate of $221.53 million. Sterling Construction had a net margin of 1.21% and a return on equity of 10.76%. The business’s revenue for the quarter was up 50.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.25) EPS. equities analysts expect that Sterling Construction will post 0.91 EPS for the current year.

In other Sterling Construction news, COO Con L. Wadsworth acquired 8,000 shares of the business’s stock in a transaction on Thursday, March 8th. The stock was purchased at an average price of $12.43 per share, with a total value of $99,440.00. Following the acquisition, the chief operating officer now directly owns 68,670 shares of the company’s stock, valued at approximately $853,568.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.20% of the company’s stock.

Several large investors have recently modified their holdings of STRL. Millennium Management LLC acquired a new position in shares of Sterling Construction in the 4th quarter valued at approximately $14,188,000. Northpointe Capital LLC acquired a new position in shares of Sterling Construction in the 4th quarter valued at approximately $6,149,000. Renaissance Technologies LLC raised its position in shares of Sterling Construction by 17.3% in the 4th quarter. Renaissance Technologies LLC now owns 1,924,700 shares of the construction company’s stock valued at $31,334,000 after buying an additional 283,200 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of Sterling Construction by 354.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 295,272 shares of the construction company’s stock valued at $4,497,000 after buying an additional 230,272 shares in the last quarter. Finally, Algert Global LLC acquired a new position in shares of Sterling Construction in the 4th quarter valued at approximately $2,680,000. Institutional investors own 74.82% of the company’s stock.

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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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