ValuEngine Lowers Sterling Construction (NASDAQ:STRL) to Sell

ValuEngine cut shares of Sterling Construction (NASDAQ:STRL) from a hold rating to a sell rating in a research report report published on Wednesday, May 8th, ValuEngine reports.

Several other research analysts also recently commented on STRL. BidaskClub raised shares of Sterling Construction from a hold rating to a buy rating in a research note on Wednesday, February 20th. Zacks Investment Research downgraded shares of Sterling Construction from a hold rating to a sell rating in a research note on Friday, March 8th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Sterling Construction has an average rating of Hold and an average target price of $17.50.

STRL traded down $0.17 on Wednesday, reaching $11.78. The company had a trading volume of 19,429 shares, compared to its average volume of 202,726. The company has a market capitalization of $318.05 million, a P/E ratio of 12.67, a P/E/G ratio of 0.97 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 1.64. 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, May 6th. The construction company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.06). The company had revenue of $223.90 million during the quarter, compared to analysts’ expectations of $225.85 million. Sterling Construction had a net margin of 2.36% and a return on equity of 14.67%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 earnings per share. On average, equities analysts anticipate that Sterling Construction will post 1.13 earnings per share for the current year.

In other news, Director Roger A. Cregg bought 10,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were purchased at an average price of $11.94 per share, for a total transaction of $119,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in STRL. Millennium Management LLC boosted its holdings in shares of Sterling Construction by 18.9% during the 4th quarter. Millennium Management LLC now owns 316,225 shares of the construction company’s stock valued at $3,444,000 after buying an additional 50,226 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Sterling Construction by 59.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,525 shares of the construction company’s stock valued at $213,000 after buying an additional 7,275 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in shares of Sterling Construction during the 4th quarter valued at $686,000. BlackRock Inc. boosted its holdings in shares of Sterling Construction by 4.5% during the 3rd quarter. BlackRock Inc. now owns 2,020,455 shares of the construction company’s stock valued at $28,933,000 after buying an additional 86,589 shares in the last quarter. Finally, Malaga Cove Capital LLC purchased a new position in shares of Sterling Construction in the 4th quarter worth about $223,000. Institutional investors and hedge funds own 82.52% 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.

Further Reading: Liquidity

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