Shares of Sterling Construction Company, Inc. (NASDAQ:STRL) have received a consensus recommendation of “Buy” from the five brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $15.00.

A number of brokerages recently commented on STRL. BidaskClub raised Sterling Construction from a “sell” rating to a “hold” rating in a research report on Saturday, January 20th. TheStreet downgraded Sterling Construction from a “b-” rating to a “c” rating in a research note on Monday. Finally, Zacks Investment Research downgraded Sterling Construction from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 5th.

In other Sterling Construction news, Director Maarten D. Hemsley sold 29,800 shares of Sterling Construction stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $17.32, for a total transaction of $516,136.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 5.20% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Voya Investment Management LLC acquired a new position in Sterling Construction during the 2nd quarter valued at about $144,000. Cubist Systematic Strategies LLC acquired a new position in Sterling Construction during the 2nd quarter valued at about $194,000. Macquarie Group Ltd. acquired a new position in Sterling Construction during the 3rd quarter valued at about $214,000. Koshinski Asset Management Inc. purchased a new position in shares of Sterling Construction in the 4th quarter worth approximately $269,000. Finally, Ameriprise Financial Inc. purchased a new position in shares of Sterling Construction in the 2nd quarter worth approximately $306,000. Institutional investors and hedge funds own 72.06% of the company’s stock.

Shares of Sterling Construction (NASDAQ:STRL) opened at $14.51 on Friday. Sterling Construction has a 12-month low of $7.75 and a 12-month high of $18.90. The company has a market capitalization of $381.69, a PE ratio of 290.26, a P/E/G ratio of 1.32 and a beta of 0.37. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.44 and a quick ratio of 1.42.

Sterling Construction (NASDAQ:STRL) last issued its earnings results on Monday, October 30th. The construction company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. Sterling Construction had a return on equity of 3.90% and a net margin of 0.25%. The business had revenue of $304.20 million during the quarter, compared to analyst estimates of $263.69 million. During the same period in the previous year, the company posted $0.10 EPS. The firm’s revenue was up 48.0% compared to the same quarter last year. equities analysts anticipate that Sterling Construction will post 0.44 earnings per share for the current fiscal year.

WARNING: “Sterling Construction Company, Inc. (STRL) Receives Average Rating of “Buy” from Brokerages” was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/sterling-construction-company-inc-strl-receives-average-rating-of-buy-from-brokerages/1825948.html.

Sterling Construction Company 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.

Receive News & Ratings for Sterling Construction Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sterling Construction and related companies with MarketBeat.com's FREE daily email newsletter.