Sterling Infrastructure (NASDAQ:STRL) Upgraded at StockNews.com

StockNews.com upgraded shares of Sterling Infrastructure (NASDAQ:STRL - Free Report) from a hold rating to a buy rating in a research report released on Wednesday.

Separately, William Blair started coverage on Sterling Infrastructure in a research report on Friday, January 17th. They issued an "outperform" rating on the stock.

Sterling Infrastructure Price Performance

STRL stock traded down $4.29 during midday trading on Wednesday, reaching $142.42. The company had a trading volume of 758,228 shares, compared to its average volume of 414,581. The company has a market capitalization of $4.37 billion, a P/E ratio of 24.06, a P/E/G ratio of 1.46 and a beta of 1.26. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. Sterling Infrastructure has a 1 year low of $74.44 and a 1 year high of $206.07. The firm has a 50-day moving average price of $177.41 and a 200-day moving average price of $152.46.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.29. The business had revenue of $593.74 million for the quarter, compared to analyst estimates of $599.90 million. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. During the same period last year, the company earned $1.26 EPS. On average, research analysts anticipate that Sterling Infrastructure will post 5.98 earnings per share for the current fiscal year.

Insider Activity

In other Sterling Infrastructure news, Director Dana C. O'brien sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total value of $351,780.00. Following the completion of the transaction, the director now directly owns 25,901 shares in the company, valued at $4,555,726.89. This represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.70% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. State Street Corp grew its holdings in Sterling Infrastructure by 0.7% during the 3rd quarter. State Street Corp now owns 713,234 shares of the construction company's stock valued at $103,433,000 after buying an additional 5,106 shares in the last quarter. Bay Rivers Group purchased a new position in shares of Sterling Infrastructure during the fourth quarter valued at approximately $341,000. Park Avenue Securities LLC purchased a new stake in shares of Sterling Infrastructure during the fourth quarter valued at $253,000. Principal Financial Group Inc. grew its stake in Sterling Infrastructure by 1,088.1% in the 3rd quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company's stock worth $51,561,000 after acquiring an additional 325,620 shares in the last quarter. Finally, Algert Global LLC increased its holdings in Sterling Infrastructure by 34.0% during the 3rd quarter. Algert Global LLC now owns 26,141 shares of the construction company's stock worth $3,791,000 after purchasing an additional 6,630 shares during the period. Hedge funds and other institutional investors own 80.95% of the company's stock.

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.