Sterling Construction (STRL) Lowered to Sell at Zacks Investment Research

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Zacks Investment Research downgraded shares of Sterling Construction (NASDAQ:STRL) from a hold rating to a sell rating in a report published on Friday.

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. “

A number of other brokerages have also recently issued reports on STRL. Canaccord Genuity reaffirmed a buy rating and issued a $20.00 target price on shares of Sterling Construction in a report on Friday, August 10th. BidaskClub raised Sterling Construction from a sell rating to a hold rating in a report on Wednesday, August 8th. Finally, ValuEngine cut Sterling Construction from a buy rating to a hold rating in a report on Friday, September 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $17.50.

Shares of Sterling Construction stock traded down $0.11 during trading on Friday, reaching $13.01. 170,805 shares of the company’s stock were exchanged, compared to its average volume of 211,620. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.64 and a current ratio of 1.61. Sterling Construction has a 1-year low of $10.74 and a 1-year high of $18.90. The stock has a market capitalization of $359.74 million, a P/E ratio of 23.65, a price-to-earnings-growth ratio of 1.29 and a beta of 0.70.

Sterling Construction (NASDAQ:STRL) last posted its quarterly earnings results on Tuesday, November 6th. The construction company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). Sterling Construction had a return on equity of 14.47% and a net margin of 2.19%. The business had revenue of $291.30 million for the quarter, compared to analyst estimates of $301.90 million. During the same period last year, the firm posted $0.26 EPS. Sterling Construction’s quarterly revenue was down 4.2% on a year-over-year basis. On average, research analysts forecast that Sterling Construction will post 0.94 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Advisory Services Network LLC bought a new stake in shares of Sterling Construction in the 3rd quarter valued at about $110,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Sterling Construction in the 2nd quarter valued at about $135,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Sterling Construction in the 3rd quarter valued at about $150,000. Globeflex Capital L P bought a new stake in shares of Sterling Construction in the 3rd quarter valued at about $258,000. Finally, Capital Fund Management S.A. grew its position in shares of Sterling Construction by 28.4% in the 2nd quarter. Capital Fund Management S.A. now owns 22,600 shares of the construction company’s stock valued at $294,000 after buying an additional 5,000 shares during the last quarter. 76.05% of the stock is owned by institutional investors and hedge funds.

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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