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

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. “

STRL has been the topic of several other research reports. ValuEngine downgraded Sterling Construction from a hold rating to a sell rating in a research note on Thursday, December 13th. BidaskClub downgraded Sterling Construction from a hold rating to a sell rating in a research note on Saturday, December 8th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Sterling Construction has an average rating of Buy and an average price target of $17.50.

STRL stock opened at $12.45 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.59 and a current ratio of 1.61. The firm has a market capitalization of $326.17 million, a PE ratio of 22.64, a P/E/G ratio of 0.89 and a beta of 0.82. Sterling Construction has a twelve month low of $9.71 and a twelve month high of $16.68.

Sterling Construction (NASDAQ:STRL) last posted its quarterly earnings results on Tuesday, November 6th. The construction company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.02). The company had revenue of $291.30 million during the quarter, compared to analyst estimates of $301.90 million. Sterling Construction had a net margin of 2.19% and a return on equity of 14.47%. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period last year, the company earned $0.26 EPS. On average, analysts expect that Sterling Construction will post 0.92 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its stake in Sterling Construction by 7.9% during the 2nd quarter. BlackRock Inc. now owns 1,933,866 shares of the construction company’s stock worth $25,198,000 after buying an additional 141,661 shares during the period. Global X Management Co LLC raised its stake in Sterling Construction by 17.1% during the 2nd quarter. Global X Management Co LLC now owns 23,795 shares of the construction company’s stock worth $310,000 after buying an additional 3,476 shares during the period. Globeflex Capital L P acquired a new stake in Sterling Construction during the 3rd quarter worth $258,000. Royce & Associates LP raised its stake in Sterling Construction by 78.3% during the 3rd quarter. Royce & Associates LP now owns 431,100 shares of the construction company’s stock worth $6,173,000 after buying an additional 189,300 shares during the period. Finally, Koshinski Asset Management Inc. raised its stake in Sterling Construction by 27.2% during the 3rd quarter. Koshinski Asset Management Inc. now owns 21,288 shares of the construction company’s stock worth $305,000 after buying an additional 4,555 shares during the period. 78.30% of the stock is currently owned by institutional investors and hedge funds.

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.

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