Sterling Construction (STRL) Upgraded at Zacks Investment Research

Share on StockTwits

Zacks Investment Research upgraded shares of Sterling Construction (NASDAQ:STRL) from a sell rating to a hold rating in a report released on Wednesday morning.

According to Zacks, “Sterling is a leading heavy civil construction company that specializes in the building and reconstruction of transportation and water infrastructure projects in the U.S. The company’s transportation infrastructure projects include highways, roads, bridges, airfields, ports and light rail. Its water infrastructure projects include water, wastewater and storm drainage systems. “

STRL has been the topic of a number of other reports. BidaskClub lowered Sterling Construction from a hold rating to a sell rating in a research report on Wednesday, October 24th. ValuEngine upgraded Sterling Construction from a sell rating to a hold rating in a research report on Wednesday, January 2nd. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Sterling Construction has a consensus rating of Buy and a consensus price target of $17.50.

STRL stock opened at $12.45 on Wednesday. Sterling Construction has a 1-year low of $9.71 and a 1-year high of $16.68. The company has a market capitalization of $326.17 million, a PE ratio of 22.64, a P/E/G ratio of 0.89 and a beta of 0.82. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.59 and a current ratio of 1.61.

Sterling Construction (NASDAQ:STRL) last released its quarterly earnings data on Tuesday, November 6th. The construction company reported $0.33 earnings per share 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 company had revenue of $291.30 million during the quarter, compared to the consensus estimate of $301.90 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. Analysts forecast that Sterling Construction will post 0.92 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new stake in Sterling Construction during the 3rd quarter worth approximately $110,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Sterling Construction during the 3rd quarter worth approximately $150,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Sterling Construction during the 3rd quarter worth approximately $175,000. Globeflex Capital L P bought a new stake in Sterling Construction during the 3rd quarter worth approximately $258,000. Finally, MetLife Investment Advisors LLC grew its position in Sterling Construction by 54.3% during the 3rd quarter. MetLife Investment Advisors LLC now owns 20,440 shares of the construction company’s stock worth $293,000 after acquiring an additional 7,194 shares during the last quarter. Institutional investors and hedge funds own 78.30% 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.

Read More: Bull Market

Get a free copy of the Zacks research report on Sterling Construction (STRL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.

Latest News

Sterling Construction  Upgraded at Zacks Investment Research
Sterling Construction Upgraded at Zacks Investment Research
Syneos Health  Given a $60.00 Price Target at Robert W. Baird
Syneos Health Given a $60.00 Price Target at Robert W. Baird
THL Credit  Rating Lowered to Sell at Zacks Investment Research
THL Credit Rating Lowered to Sell at Zacks Investment Research
Comparing La Jolla Pharmaceutical  & Autolus Therapeutics
Comparing La Jolla Pharmaceutical & Autolus Therapeutics
Zacks: Analysts Anticipate Interpace Diagnostics Group Inc  Will Announce Earnings of -$0.08 Per Share
Zacks: Analysts Anticipate Interpace Diagnostics Group Inc Will Announce Earnings of -$0.08 Per Share
Consolidated Edison  Rating Lowered to Sell at Zacks Investment Research
Consolidated Edison Rating Lowered to Sell at Zacks Investment Research


Leave a Reply

© 2006-2019 Ticker Report