Stephens Inc. AR Invests $109,000 in Sterling Construction Company, Inc. (STRL) Stock

Stephens Inc. AR acquired a new position in shares of Sterling Construction Company, Inc. (NASDAQ:STRL) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 10,000 shares of the construction company’s stock, valued at approximately $109,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. boosted its position in 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 acquiring an additional 86,589 shares in the last quarter. Royce & Associates LP boosted its position in Sterling Construction by 78.3% during the 3rd quarter. Royce & Associates LP now owns 431,100 shares of the construction company’s stock valued at $6,173,000 after acquiring an additional 189,300 shares in the last quarter. Globeflex Capital L P bought a new stake in Sterling Construction during the 3rd quarter valued at $258,000. Malaga Cove Capital LLC bought a new stake in Sterling Construction during the 4th quarter valued at $223,000. Finally, Koshinski Asset Management Inc. boosted its position 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 valued at $305,000 after acquiring an additional 4,555 shares in the last quarter. 78.14% of the stock is currently owned by institutional investors and hedge funds.

Shares of Sterling Construction stock traded up $0.12 during trading on Friday, reaching $13.49. The company’s stock had a trading volume of 76,931 shares, compared to its average volume of 172,450. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.69 and a quick ratio of 1.67. The stock has a market capitalization of $359.37 million, a price-to-earnings ratio of 14.51, a PEG ratio of 1.08 and a beta of 1.07. Sterling Construction Company, Inc. has a 1-year low of $9.71 and a 1-year high of $16.07.

Sterling Construction (NASDAQ:STRL) last posted its quarterly earnings data on Monday, March 4th. The construction company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. The firm had revenue of $255.18 million during the quarter, compared to analysts’ expectations of $247.85 million. Sterling Construction had a return on equity of 15.44% and a net margin of 2.43%. On average, equities research analysts anticipate that Sterling Construction Company, Inc. will post 1.15 earnings per share for the current fiscal year.

STRL has been the topic of several recent research reports. Zacks Investment Research raised Sterling Construction from a “sell” rating to a “hold” rating in a research report on Friday, November 16th. BidaskClub cut Sterling Construction from a “hold” rating to a “sell” rating in a research report on Saturday, December 8th. Finally, ValuEngine cut Sterling Construction from a “hold” rating to a “sell” rating in a research report on Thursday, December 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Sterling Construction has a consensus rating of “Hold” and an average target price of $17.50.

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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.

Featured Story: Bid-Ask Spread

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Institutional Ownership by Quarter for Sterling Construction (NASDAQ:STRL)

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