BidaskClub Upgrades Sterling Construction (STRL) to Sell

BidaskClub upgraded shares of Sterling Construction (NASDAQ:STRL) from a strong sell rating to a sell rating in a research note issued to investors on Wednesday.

A number of other equities analysts have also recently commented on STRL. Zacks Investment Research upgraded Sterling Construction from a hold rating to a buy rating and set a $15.00 price target for the company in a report on Friday, June 15th. ValuEngine upgraded Sterling Construction from a hold rating to a buy rating in a report on Wednesday, May 9th. Finally, TheStreet upgraded Sterling Construction from a c+ rating to a b rating in a report on Friday, June 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Sterling Construction has an average rating of Hold and a consensus price target of $15.00.

Sterling Construction stock opened at $13.59 on Wednesday. Sterling Construction has a 52 week low of $9.42 and a 52 week high of $18.90. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.62 and a quick ratio of 1.61. The stock has a market cap of $373.15 million, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 1.34 and a beta of 0.46.

Sterling Construction (NASDAQ:STRL) last posted its quarterly earnings results on Monday, May 7th. The construction company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Sterling Construction had a return on equity of 13.26% and a net margin of 1.59%. The business had revenue of $222.50 million during the quarter, compared to analysts’ expectations of $203.10 million. During the same quarter last year, the company posted ($0.09) earnings per share. Sterling Construction’s quarterly revenue was up 45.0% on a year-over-year basis. sell-side analysts predict that Sterling Construction will post 0.94 EPS for the current year.

In related news, Director Marian M. Davenport sold 8,000 shares of Sterling Construction stock in a transaction dated Tuesday, May 22nd. The stock was sold at an average price of $12.81, for a total transaction of $102,480.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.20% of the company’s stock.

Several large investors have recently modified their holdings of STRL. Metropolitan Life Insurance Co. NY bought a new stake in shares of Sterling Construction during the fourth quarter worth approximately $145,000. Stephens Inc. AR bought a new stake in shares of Sterling Construction during the first quarter worth approximately $188,000. MetLife Investment Advisors LLC bought a new stake in shares of Sterling Construction during the fourth quarter worth approximately $216,000. Virtu Financial LLC bought a new stake in shares of Sterling Construction during the fourth quarter worth approximately $228,000. Finally, Global X Management Co. LLC bought a new stake in shares of Sterling Construction during the first quarter worth approximately $233,000. Institutional investors own 77.18% of the company’s stock.

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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