Sterling Construction Company, Inc. (STRL) Receives $15.00 Consensus Price Target from Brokerages

Sterling Construction Company, Inc. (NASDAQ:STRL) has been given a consensus rating of “Hold” by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $15.00.

A number of brokerages recently commented on STRL. Zacks Investment Research downgraded shares of Sterling Construction from a “hold” rating to a “sell” rating in a report on Saturday, March 10th. BidaskClub lowered shares of Sterling Construction from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 27th. ValuEngine lowered shares of Sterling Construction from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Finally, TheStreet lowered shares of Sterling Construction from a “b-” rating to a “c” rating in a report on Monday, January 22nd.

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In other Sterling Construction news, COO Con L. Wadsworth bought 8,000 shares of Sterling Construction stock in a transaction on Thursday, March 8th. The shares were bought at an average cost of $12.43 per share, for a total transaction of $99,440.00. Following the acquisition, the chief operating officer now directly owns 68,670 shares in the company, valued at $853,568.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 5.20% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in STRL. Metropolitan Life Insurance Co. NY bought a new stake in shares of Sterling Construction in the fourth quarter valued at approximately $145,000. Macquarie Group Ltd. purchased a new position in shares of Sterling Construction during the 3rd quarter worth approximately $214,000. MetLife Investment Advisors LLC purchased a new position in shares of Sterling Construction during the 4th quarter worth approximately $216,000. Virtu Financial LLC purchased a new position in shares of Sterling Construction during the 4th quarter worth approximately $228,000. Finally, Koshinski Asset Management Inc. purchased a new position in shares of Sterling Construction during the 4th quarter worth approximately $269,000. Institutional investors own 74.98% of the company’s stock.

STRL stock traded up $0.64 during mid-day trading on Tuesday, hitting $11.46. 616,643 shares of the stock were exchanged, compared to its average volume of 259,583. The company has a quick ratio of 1.50, a current ratio of 1.53 and a debt-to-equity ratio of 0.59. Sterling Construction has a 12 month low of $8.54 and a 12 month high of $18.90. The firm has a market cap of $309.82, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 1.15 and a beta of 0.34.

Sterling Construction (NASDAQ:STRL) last issued its quarterly earnings results on Monday, March 5th. The construction company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.02). Sterling Construction had a return on equity of 10.76% and a net margin of 1.21%. The firm had revenue of $253.90 million for the quarter, compared to the consensus estimate of $221.53 million. During the same period last year, the firm earned ($0.25) EPS. The company’s revenue for the quarter was up 50.9% on a year-over-year basis. research analysts expect that Sterling Construction will post 0.91 EPS for the current fiscal year.

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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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