Sterling Construction Company, Inc. (NASDAQ:STRL) – Stock analysts at DA Davidson dropped their FY2019 earnings per share (EPS) estimates for Sterling Construction in a research note issued on Wednesday, November 6th. DA Davidson analyst B. Thielman now anticipates that the construction company will earn $1.02 per share for the year, down from their previous forecast of $1.04. DA Davidson has a “Buy” rating and a $25.00 price target on the stock. DA Davidson also issued estimates for Sterling Construction’s Q4 2019 earnings at $0.29 EPS and FY2020 earnings at $1.86 EPS.
Sterling Construction (NASDAQ:STRL) last issued its earnings results on Tuesday, November 5th. The construction company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.11). The business had revenue of $291.70 million for the quarter, compared to analyst estimates of $280.50 million. Sterling Construction had a return on equity of 14.67% and a net margin of 2.24%. The firm’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 EPS.
Shares of NASDAQ STRL opened at $15.14 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.54 and a debt-to-equity ratio of 0.43. The company has a market cap of $435.38 million, a price-to-earnings ratio of 16.28 and a beta of 1.18. Sterling Construction has a 12 month low of $9.71 and a 12 month high of $17.49. The stock has a 50-day moving average price of $15.18 and a two-hundred day moving average price of $13.13.
In other news, CEO Joseph A. Cutillo purchased 35,500 shares of Sterling Construction stock in a transaction dated Friday, August 16th. The shares were bought at an average cost of $10.92 per share, for a total transaction of $387,660.00. Following the completion of the acquisition, the chief executive officer now owns 264,527 shares in the company, valued at approximately $2,888,634.84. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Joseph A. Cutillo purchased 48,400 shares of Sterling Construction stock in a transaction dated Monday, August 19th. The shares were purchased at an average price of $11.01 per share, for a total transaction of $532,884.00. Following the completion of the acquisition, the chief executive officer now owns 264,527 shares of the company’s stock, valued at approximately $2,912,442.27. The disclosure for this purchase can be found here. Insiders own 2.00% of the company’s stock.
Several large investors have recently added to or reduced their stakes in STRL. WINTON GROUP Ltd grew its holdings in shares of Sterling Construction by 13.1% during the second quarter. WINTON GROUP Ltd now owns 13,064 shares of the construction company’s stock worth $175,000 after purchasing an additional 1,517 shares during the last quarter. Dalton Greiner Hartman Maher & Co. boosted its holdings in Sterling Construction by 27.5% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 598,124 shares of the construction company’s stock valued at $8,027,000 after acquiring an additional 129,182 shares during the last quarter. Campbell & CO Investment Adviser LLC boosted its holdings in Sterling Construction by 83.0% in the second quarter. Campbell & CO Investment Adviser LLC now owns 36,381 shares of the construction company’s stock valued at $488,000 after acquiring an additional 16,498 shares during the last quarter. Bessemer Group Inc. bought a new stake in Sterling Construction in the second quarter valued at approximately $262,000. Finally, Bowling Portfolio Management LLC boosted its holdings in Sterling Construction by 16.2% in the second quarter. Bowling Portfolio Management LLC now owns 100,738 shares of the construction company’s stock valued at $1,352,000 after acquiring an additional 14,034 shares during the last quarter. Institutional investors own 83.33% 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.
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