Docoh
Loading...

STRL Sterling Construction

Sterling Construction Company, a Delaware corporation, is a construction company that has been involved in the construction industry since its founding in 1955. The Company operates through a variety of subsidiaries within three segments specializing in Heavy Civil, Specialty Services, and Residential projects in the United States (the "U.S."), primarily across the southern U.S., the Rocky Mountain States, California and Hawaii, as well as other areas with strategic construction opportunities. Heavy Civil includes infrastructure and rehabilitation projects for highways, roads, bridges, airfields, ports, light rail, water, wastewater and storm drainage systems. Specialty Services projects include construction site excavation and drainage, drilling and blasting for excavation, foundations for multi-family homes, parking structures and other commercial concrete projects. Residential projects include concrete foundations for single-family homes.

Company profile

Ticker
STRL
Exchange
Website
CEO
Joseph Cutillo
Employees
Incorporated
Location
Fiscal year end
Former names
OAKHURST CAPITAL INC, OAKHURST CO INC
SEC CIK
IRS number
251655321

STRL stock data

(
)

Calendar

4 May 21
2 Aug 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 61.4M 61.4M 61.4M 61.4M 61.4M 61.4M
Cash burn (monthly) 1.59M 1.04M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 6.53M 4.27M n/a n/a n/a n/a
Cash remaining 54.87M 57.13M n/a n/a n/a n/a
Runway (months of cash) 34.4 54.8 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
5 May 21 Wilson Dwayne Andree Common Stock Grant Aquire A No No 0 4,307 0 8,162
5 May 21 Cregg Roger A Common Stock Grant Aquire A No No 0 4,307 0 35,705
5 May 21 White Thomas M Common Stock Grant Aquire A No No 0 4,307 0 40,271
5 May 21 Patton Charles R. Common Stock Grant Aquire A No No 0 4,307 0 67,027
5 May 21 Dana C. O'Brien Common Stock Grant Aquire A No No 0 4,307 0 21,921

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

81.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 150 142 +5.6%
Opened positions 26 20 +30.0%
Closed positions 18 8 +125.0%
Increased positions 43 38 +13.2%
Reduced positions 58 55 +5.5%
13F shares
Current Prev Q Change
Total value 796.61M 1.14B -30.0%
Total shares 23.34M 22.52M +3.7%
Total puts 49.7K 48.3K +2.9%
Total calls 49.9K 178.5K -72.0%
Total put/call ratio 1.0 0.3 +268.1%
Largest owners
Shares Value Change
BLK Blackrock 2.29M $53.17M +10.9%
Renaissance Technologies 1.49M $34.5M -16.4%
Vanguard 1.38M $32.09M -0.7%
Dimensional Fund Advisors 1.31M $30.47M -2.7%
Wellington Management 1.21M $28.05M -14.0%
Segall Bryant & Hamill 961.65K $22.31M -9.7%
Towle & Co 854.5K $19.82M +23.7%
22NW 596.47K $13.84M +5.3%
Kennedy Capital Management 534.81K $12.41M -0.3%
Tygh Capital Management 529.54K $12.29M +46.1%
Largest transactions
Shares Bought/sold Change
Phocas Financial 469.9K +469.9K NEW
Castleark Management 352.75K +352.75K NEW
Renaissance Technologies 1.49M -290.88K -16.4%
BLK Blackrock 2.29M +224.57K +10.9%
Arrowstreet Capital, Limited Partnership 77.85K -202.79K -72.3%
Manatuck Hill Partners 0 -200.4K EXIT
Wellington Management 1.21M -197.39K -14.0%
Wasatch Advisors 527.56K +180.72K +52.1%
Tygh Capital Management 529.54K +167.16K +46.1%
Towle & Co 854.5K +163.72K +23.7%

Financial report summary

?
Competition
Primoris Services
Management Discussion
  • Summary—For the first quarter of 2021, the Company had operating income of $22.8 million, income before income taxes of $16.4 million, net income attributable to Sterling common stockholders of $10.6 million and net income per diluted share attributable to Sterling common stockholders of $0.37.
  • Revenues—Revenues were $315.3 million for the first quarter of 2021, an increase of $18.6 million or 6% compared with the first quarter of 2020. The increase in the first quarter of 2021 was driven by a $19.4 million increase in Specialty Services and a $7.8 million increase in Residential, partly offset by a $8.6 million decrease in Heavy Civil.
  • Gross profit—Gross profit was $45.0 million for the first quarter of 2021, an increase of $9.8 million or 28% compared to the first quarter of 2020. The Company’s gross margin as a percent of revenue increased to 14.3% in the first quarter of 2021, as compared to 11.9% in the first quarter of 2020. The increase in gross profit was primarily driven by higher volume from Specialty Services, and the ramp up of construction on large design-build joint venture projects as we continue to reduce the lower margin low-bid heavy highway revenues for Heavy Civil. The increase in gross margin as a percent of revenue was primarily driven by the aforementioned large design-build joint venture projects for Heavy Civil.
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: added, adding, affordability, area, Blvd, build, calculated, category, chapter, check, code, complying, deem, electronically, Employer, extension, extinguishment, face, family, filer, Identification, immaterial, Interactive, jurisdiction, land, Landing, mark, NASDAQ, nondeductible, notwithstanding, par, poured, preceding, prepay, Quantitative, receipt, recession, registered, registrant, revise, revised, Senate, shell, shorter, speak, starter, STRL, strong, Symbol, telephone, Title, transition, underway, unwilling, volatility, Washington, Worth
Removed: absent, absorb, absorption, account, accounted, accurately, acquisition, agent, allocation, anxiety, appraisal, approve, Arizona, ASC, assessment, ASU, authorized, back, bank, began, begun, Bill, bipartisan, BMO, BofA, book, borrower, bring, calendar, catalyst, Cautionary, CECL, chain, character, charge, closing, Colorado, commencement, commencing, computed, conformity, consideration, consummated, contingency, Coverage, create, cumulative, declared, decreasing, deferred, desirable, detailed, determination, determining, DeWitt, dilutive, disrupt, distancing, dividing, DOT, doubtful, effect, Emergency, enacted, enhance, entered, entity, environment, exclude, external, factor, factually, FASB, fear, field, fiscal, fixed, forecasted, forma, founding, fourth, furnish, generate, generated, globally, Gregory, group, guidance, heightened, hereof, identifiable, identifying, illustrative, impairment, implemented, important, imposed, inaccurate, inclusion, incremental, independently, indirect, indirectly, interim, January, June, knowledge, leased, lending, limitation, LK, longer, maturity, measure, mitigation, model, modified, multifamily, necessarily, newly, noted, occurred, occurring, operation, option, outbreak, partially, payroll, percentage, personal, plateau, populace, positive, potentially, power, practical, premium, prepared, President, pro, promissory, protective, protocol, purport, range, ranging, ratio, realization, receive, recoverability, recoverable, reduced, release, remained, repaid, requiring, respond, response, reversal, reverse, RLW, sanitation, satisfy, scale, schedule, SEC, seek, Seller, SEMA, shutdown, slowdown, social, solidify, spread, statement, subcontractor, subordinated, subordination, sufficient, supplied, supplier, supply, supportable, sustain, syndication, tangible, taxable, Tealstone, technically, thereto, Topic, transaction, transfer, transferred, travel, treated, ultimate, unaudited, understanding, unfavorable, unvested, updated, Utah, vacancy, variable, virtually, wearing, working, World, worldwide