STRL has been the subject of several other research reports. BidaskClub cut shares of Sterling Construction from a buy rating to a hold rating in a report on Tuesday. Canaccord Genuity restated a buy rating and set a $15.00 target price on shares of Sterling Construction in a report on Saturday, August 26th. Finally, Zacks Investment Research cut shares of Sterling Construction from a buy rating to a hold rating in a report on Saturday, October 21st. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Sterling Construction has an average rating of Buy and an average target price of $17.00.
Sterling Construction (NASDAQ STRL) traded up $0.65 during trading on Tuesday, hitting $17.95. 375,200 shares of the stock traded hands, compared to its average volume of 299,893. The firm has a market capitalization of $467.98, a PE ratio of 115.33, a PEG ratio of 3.53 and a beta of 0.36. Sterling Construction has a 12 month low of $7.75 and a 12 month high of $18.90. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.44 and a quick ratio of 1.42.
A number of institutional investors and hedge funds have recently made changes to their positions in STRL. Voya Investment Management LLC acquired a new position in Sterling Construction during the second quarter worth $144,000. Thompson Davis & CO. Inc. acquired a new position in Sterling Construction during the second quarter worth $150,000. Airain ltd acquired a new position in Sterling Construction during the second quarter worth $168,000. Cubist Systematic Strategies LLC acquired a new position in Sterling Construction during the second quarter worth $194,000. Finally, Macquarie Group Ltd. acquired a new position in Sterling Construction during the third quarter worth $214,000. Institutional investors and hedge funds own 71.96% of the company’s stock.
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Sterling Construction Company Profile
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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