Sterling Construction (NASDAQ:STRL) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Several other equities analysts have also weighed in on STRL. Canaccord Genuity reaffirmed a “buy” rating and set a $20.00 target price on shares of Sterling Construction in a report on Friday, August 10th. ValuEngine lowered shares of Sterling Construction from a “buy” rating to a “hold” rating in a report on Friday, September 7th. Finally, Zacks Investment Research raised shares of Sterling Construction from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Thursday, October 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $17.50.

Shares of NASDAQ STRL opened at $11.30 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 0.46. Sterling Construction has a 12 month low of $10.74 and a 12 month high of $18.24. The company has a market cap of $311.29 million, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 1.14 and a beta of 0.63.

Sterling Construction (NASDAQ:STRL) last announced its quarterly earnings data on Tuesday, November 6th. The construction company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.02). Sterling Construction had a net margin of 2.19% and a return on equity of 14.47%. The business had revenue of $291.30 million for the quarter, compared to analyst estimates of $301.90 million. During the same quarter in the previous year, the firm posted $0.26 earnings per share. The business’s revenue was down 4.2% on a year-over-year basis. As a group, equities research analysts forecast that Sterling Construction will post 0.92 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Sterling Construction by 7.9% during the 2nd quarter. BlackRock Inc. now owns 1,933,866 shares of the construction company’s stock valued at $25,198,000 after purchasing an additional 141,661 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Sterling Construction during the 2nd quarter valued at approximately $135,000. Global X Management Co LLC increased its holdings in shares of Sterling Construction by 17.1% during the 2nd quarter. Global X Management Co LLC now owns 23,795 shares of the construction company’s stock valued at $310,000 after purchasing an additional 3,476 shares in the last quarter. Segall Bryant & Hamill LLC increased its holdings in shares of Sterling Construction by 29.0% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 80,155 shares of the construction company’s stock valued at $1,044,000 after purchasing an additional 17,998 shares in the last quarter. Finally, Royce & Associates LP increased its holdings in shares of Sterling Construction by 97.7% during the 2nd quarter. Royce & Associates LP now owns 241,800 shares of the construction company’s stock valued at $3,151,000 after purchasing an additional 119,500 shares in the last quarter. 78.30% of the stock is owned by hedge funds and other institutional investors.

Sterling Construction Company Profile

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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