Sterling Infrastructure, Inc. (NASDAQ:STRL) Short Interest Up 26.8% in February

Sterling Infrastructure, Inc. (NASDAQ:STRL - Get Free Report) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 1,750,000 shares, an increase of 26.8% from the February 13th total of 1,380,000 shares. Based on an average daily volume of 562,800 shares, the short-interest ratio is presently 3.1 days. Currently, 5.9% of the company's stock are short sold.

Institutional Investors Weigh In On Sterling Infrastructure

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Sterling Infrastructure by 30.0% during the fourth quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company's stock worth $425,135,000 after buying an additional 581,847 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Sterling Infrastructure by 1,088.1% during the 3rd quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company's stock worth $51,561,000 after purchasing an additional 325,620 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Sterling Infrastructure in the 4th quarter valued at about $47,712,000. Capital Research Global Investors lifted its stake in Sterling Infrastructure by 78.5% in the 4th quarter. Capital Research Global Investors now owns 574,976 shares of the construction company's stock valued at $96,855,000 after purchasing an additional 252,934 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Sterling Infrastructure by 74.1% in the 4th quarter. First Trust Advisors LP now owns 356,339 shares of the construction company's stock valued at $60,025,000 after purchasing an additional 151,642 shares during the last quarter. Institutional investors own 80.95% of the company's stock.

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Sterling Infrastructure Stock Up 0.6 %

Shares of NASDAQ:STRL traded up $0.70 during midday trading on Friday, reaching $126.63. The company had a trading volume of 837,752 shares, compared to its average volume of 394,165. Sterling Infrastructure has a 1-year low of $93.50 and a 1-year high of $206.07. The stock has a market cap of $3.88 billion, a PE ratio of 21.39, a P/E/G ratio of 1.28 and a beta of 1.32. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The business's 50 day moving average price is $140.79 and its 200 day moving average price is $155.32.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on STRL. StockNews.com upgraded Sterling Infrastructure from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. William Blair assumed coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They set an "outperform" rating for the company. Finally, DA Davidson upgraded shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price objective on the stock in a report on Thursday, February 27th.

About Sterling Infrastructure

Sterling Infrastructure, Inc engages in the provision of e-infrastructure, transportation, and building solutions primarily in the United States. It operates through three segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors.