TheStreet upgraded shares of Sterling Construction (NASDAQ:STRL) from a c+ rating to a b- rating in a report released on Tuesday.

STRL has been the topic of a number of other research reports. Canaccord Genuity reiterated a buy rating and set a $15.00 price objective on shares of Sterling Construction in a research report on Saturday, August 26th. Zacks Investment Research downgraded Sterling Construction from a buy rating to a hold rating in a research report on Saturday, October 21st. Finally, BidaskClub cut Sterling Construction from a strong-buy rating to a buy rating in a research note on Tuesday, December 5th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Sterling Construction has an average rating of Buy and a consensus price target of $17.00.

Sterling Construction (STRL) opened at $17.29 on Tuesday. Sterling Construction has a 1 year low of $7.75 and a 1 year high of $18.90. The company has a market capitalization of $467.44, a P/E ratio of 119.67, a P/E/G ratio of 3.67 and a beta of 0.36. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.42 and a current ratio of 1.44.

Sterling Construction (NASDAQ:STRL) last announced its quarterly earnings data on Monday, October 30th. The construction company reported $0.26 EPS for the quarter, topping 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 the consensus estimate of $263.69 million. During the same quarter last year, the business posted $0.10 earnings per share. The firm’s revenue was up 48.0% compared to the same quarter last year. analysts forecast that Sterling Construction will post 0.44 EPS for the current year.

A number of hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP acquired a new stake in Sterling Construction during the third quarter worth $1,555,000. Argent Capital Management LLC increased its stake in Sterling Construction by 1.5% during the third quarter. Argent Capital Management LLC now owns 354,580 shares of the construction company’s stock worth $5,400,000 after acquiring an additional 5,075 shares during the last quarter. Allianz Asset Management GmbH increased its stake in Sterling Construction by 354.3% during the third quarter. Allianz Asset Management GmbH now owns 295,272 shares of the construction company’s stock worth $4,497,000 after acquiring an additional 230,272 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in Sterling Construction during the third quarter worth $1,072,000. Finally, Dimensional Fund Advisors LP increased its stake in Sterling Construction by 4.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,553,682 shares of the construction company’s stock worth $23,663,000 after acquiring an additional 70,860 shares during the last quarter. 71.96% of the stock is owned by institutional investors.

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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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