Zacks Investment Research upgraded shares of Sterling Construction Company Inc (NASDAQ:STRL) from a hold rating to a strong-buy rating in a report released on Friday morning. They currently have $21.00 price objective on the construction company’s stock.

According to Zacks, “Sterling Construction Company, Inc. is a holding company which has historically operated as a wholesale distributor to the automotive aftermarket and construction through two subsidiaries, Steel City Products and Dowling’s Fleet Service. “

STRL has been the topic of a number of other research reports. Canaccord Genuity reiterated a buy rating and issued a $15.00 target price on shares of Sterling Construction in a report on Saturday, August 26th. TheStreet cut Sterling Construction from a b- rating to a c rating in a report on Monday, August 21st. Finally, BidaskClub cut Sterling Construction from a buy rating to a hold rating in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $17.00.

Sterling Construction (NASDAQ:STRL) opened at $17.58 on Friday. Sterling Construction has a fifty-two week low of $6.50 and a fifty-two week high of $18.82. The firm has a market capitalization of $471.77, a price-to-earnings ratio of 116.27, a P/E/G ratio of 3.56 and a beta of 0.39. 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 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.04. Sterling Construction had a return on equity of 3.90% and a net margin of 0.25%. The firm had revenue of $304.20 million for the quarter, compared to analysts’ expectations of $263.69 million. During the same quarter last year, the firm earned $0.10 earnings per share. The firm’s revenue for the quarter was up 48.0% compared to the same quarter last year. equities analysts forecast that Sterling Construction will post 0.44 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in shares of Sterling Construction by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,482,822 shares of the construction company’s stock worth $19,380,000 after purchasing an additional 96,924 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Sterling Construction by 33.4% during the second quarter. Renaissance Technologies LLC now owns 1,479,900 shares of the construction company’s stock worth $19,342,000 after purchasing an additional 370,800 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Sterling Construction by 7.1% during the second quarter. Vanguard Group Inc. now owns 962,759 shares of the construction company’s stock worth $12,583,000 after purchasing an additional 64,041 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Sterling Construction by 9.9% during the second quarter. Acadian Asset Management LLC now owns 854,964 shares of the construction company’s stock worth $11,175,000 after purchasing an additional 77,048 shares in the last quarter. Finally, AlphaOne Investment Services LLC lifted its stake in shares of Sterling Construction by 2.2% during the second quarter. AlphaOne Investment Services LLC now owns 486,074 shares of the construction company’s stock worth $6,354,000 after purchasing an additional 10,650 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

About Sterling Construction

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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