Sterling Construction (NASDAQ:STRL) Downgraded by ValuEngine to Sell

ValuEngine cut shares of Sterling Construction (NASDAQ:STRL) from a hold rating to a sell rating in a research note released on Tuesday morning, ValuEngine reports.

Other analysts have also issued research reports about the stock. BidaskClub lowered shares of Sterling Construction from a hold rating to a sell rating in a research note on Saturday. Zacks Investment Research lowered shares of Sterling Construction from a buy rating to a hold rating in a research note on Wednesday, November 20th. Finally, DA Davidson lifted their price objective on shares of Sterling Construction from $18.00 to $25.00 and gave the company a buy rating in a report on Wednesday, October 9th.

STRL stock opened at $14.00 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 1.56. Sterling Construction has a fifty-two week low of $9.71 and a fifty-two week high of $17.49. The stock’s 50 day simple moving average is $15.53 and its 200 day simple moving average is $13.31. The company has a market cap of $403.87 million, a P/E ratio of 15.05 and a beta of 1.19.

Sterling Construction (NASDAQ:STRL) last released its quarterly earnings data on Tuesday, November 5th. The construction company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.11). Sterling Construction had a net margin of 2.24% and a return on equity of 14.42%. The firm had revenue of $291.70 million for the quarter, compared to the consensus estimate of $280.50 million. During the same quarter in the prior year, the firm earned $0.33 EPS. The company’s revenue was up .1% compared to the same quarter last year. Equities analysts predict that Sterling Construction will post 1.05 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of STRL. Wells Fargo & Company MN lifted its holdings in shares of Sterling Construction by 61.1% in the second quarter. Wells Fargo & Company MN now owns 634,825 shares of the construction company’s stock valued at $8,520,000 after purchasing an additional 240,667 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in Sterling Construction during the second quarter worth $2,961,000. River & Mercantile Asset Management LLP bought a new stake in Sterling Construction during the second quarter worth $2,791,000. Dalton Greiner Hartman Maher & Co. raised its position in Sterling Construction by 39.8% in the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 611,588 shares of the construction company’s stock valued at $8,208,000 after buying an additional 174,100 shares during the last quarter. Finally, Marshall Wace North America L.P. purchased a new stake in Sterling Construction in the 2nd quarter valued at $1,637,000. 78.56% of the stock is owned by hedge funds and other institutional investors.

Sterling Construction Company Profile

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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