BidaskClub Lowers Sterling Construction (STRL) to Sell

Share on StockTwits

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.

Sterling Construction (NASDAQ:STRL) last announced its earnings results on Monday, March 4th. The construction company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. The company had revenue of $255.18 million for the quarter, compared to analysts’ expectations of $247.85 million. Sterling Construction had a return on equity of 15.44% and a net margin of 2.43%. As a group, equities analysts predict that Sterling Construction will post 1.15 EPS for the current year.

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.

Featured Article: The benefits and drawbacks of dollar cost averaging

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

$1.37 Billion in Sales Expected for Caci International Inc  This Quarter
$1.37 Billion in Sales Expected for Caci International Inc This Quarter
TokenStars Trading 26.8% Higher  This Week
TokenStars Trading 26.8% Higher This Week
Akoustis Technologies Inc  Expected to Post Earnings of -$0.25 Per Share
Akoustis Technologies Inc Expected to Post Earnings of -$0.25 Per Share
Selfkey  24-Hour Trading Volume Hits $967,433.00
Selfkey 24-Hour Trading Volume Hits $967,433.00
$2.80 Billion in Sales Expected for Royal Caribbean Cruises Ltd  This Quarter
$2.80 Billion in Sales Expected for Royal Caribbean Cruises Ltd This Quarter
Waves Community Token Trading 1.3% Higher  Over Last Week
Waves Community Token Trading 1.3% Higher Over Last Week


© 2006-2019 Ticker Report