BidaskClub lowered shares of Sterling Construction (NASDAQ:STRL) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.
Other equities analysts have also recently issued research reports about the company. ValuEngine cut Sterling Construction from a hold rating to a sell rating in a report on Wednesday, December 19th. Zacks Investment Research cut Sterling Construction from a hold rating to a sell rating in a report on Friday, March 8th. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $17.50.
Shares of STRL stock opened at $12.82 on Tuesday. The company has a current ratio of 1.69, a quick ratio of 1.67 and a debt-to-equity ratio of 0.46. The firm has a market cap of $345.25 million, a PE ratio of 13.94, a price-to-earnings-growth ratio of 1.02 and a beta of 1.07. Sterling Construction has a 52 week low of $9.71 and a 52 week high of $16.07.
A number of institutional investors have recently bought and sold shares of the stock. Citigroup Inc. boosted its holdings in Sterling Construction by 17.6% in the fourth quarter. Citigroup Inc. now owns 8,617 shares of the construction company’s stock valued at $94,000 after acquiring an additional 1,292 shares during the last quarter. Macquarie Group Ltd. lifted its stake in Sterling Construction by 111.1% in the fourth quarter. Macquarie Group Ltd. now owns 3,800 shares of the construction company’s stock valued at $41,000 after buying an additional 2,000 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of Sterling Construction by 12.5% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 19,349 shares of the construction company’s stock worth $211,000 after purchasing an additional 2,143 shares during the period. New York State Teachers Retirement System acquired a new stake in shares of Sterling Construction during the fourth quarter worth about $26,000. Finally, Koshinski Asset Management Inc. raised its position in shares of Sterling Construction by 27.2% during the third quarter. Koshinski Asset Management Inc. now owns 21,288 shares of the construction company’s stock worth $305,000 after purchasing an additional 4,555 shares during the period. Institutional investors and hedge funds own 78.90% 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.
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