Sterling Construction (NASDAQ:STRL) will be announcing its earnings results after the market closes on Monday, February 28th. Analysts expect the company to announce earnings of $0.37 per share for the quarter.
Shares of NASDAQ:STRL opened at $28.41 on Wednesday. Sterling Construction has a 1 year low of $19.20 and a 1 year high of $32.14. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.30 and a quick ratio of 1.30. The company has a 50-day simple moving average of $27.30. The firm has a market cap of $818.07 million, a P/E ratio of 14.35 and a beta of 1.28.
In other news, CEO Joseph A. Cutillo sold 4,771 shares of the stock in a transaction dated Tuesday, February 8th. The shares were sold at an average price of $29.33, for a total value of $139,933.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp boosted its stake in Sterling Construction by 3.1% in the fourth quarter. State Street Corp now owns 558,076 shares of the construction company’s stock valued at $14,677,000 after acquiring an additional 16,688 shares during the last quarter. Geode Capital Management LLC lifted its stake in Sterling Construction by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 496,897 shares of the construction company’s stock valued at $13,068,000 after purchasing an additional 9,257 shares during the last quarter. Invesco Ltd. grew its holdings in Sterling Construction by 96.7% during the fourth quarter. Invesco Ltd. now owns 418,237 shares of the construction company’s stock valued at $10,999,000 after purchasing an additional 205,569 shares during the period. Bank of New York Mellon Corp grew its holdings in Sterling Construction by 5.2% during the third quarter. Bank of New York Mellon Corp now owns 205,693 shares of the construction company’s stock valued at $4,662,000 after purchasing an additional 10,228 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Sterling Construction by 87.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 131,885 shares of the construction company’s stock worth $3,469,000 after buying an additional 61,411 shares during the last quarter. Institutional investors and hedge funds own 82.20% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of Sterling Construction from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective for the company in a research note on Friday, February 4th.
Sterling Construction Company Profile
Sterling Construction Co, Inc engages in the provision of civil infrastructure construction, infrastructure rehabilitation, and residential construction projects. It operates through the following segments: Heavy Civil, Specialty Services, and Residential. The Heavy Civil Construction segment consists of highways, roads, bridges, airfields, ports, light rail, water, wastewater and storm drainage systems, foundations for multi-family homes, commercial concrete projects, and parking structures projects.