Sterling Infrastructure (NASDAQ:STRL) Lowered to "Hold" Rating by StockNews.com

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Monday.

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

Sterling Infrastructure Stock Down 0.9 %

Shares of STRL traded down $1.02 during trading hours on Monday, reaching $115.98. The stock had a trading volume of 168,615 shares, compared to its average volume of 406,303. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 19.58, a P/E/G ratio of 1.28 and a beta of 1.32. The firm has a 50-day simple moving average of $136.42 and a 200 day simple moving average of $155.87. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. Sterling Infrastructure has a 12 month low of $93.50 and a 12 month high of $206.07.

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Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Pathstone Holdings LLC raised its position in Sterling Infrastructure by 157.1% in the 3rd quarter. Pathstone Holdings LLC now owns 9,900 shares of the construction company's stock worth $1,436,000 after buying an additional 6,049 shares during the last quarter. Commerce Bank raised its holdings in shares of Sterling Infrastructure by 29.5% during the third quarter. Commerce Bank now owns 2,986 shares of the construction company's stock valued at $433,000 after purchasing an additional 680 shares during the last quarter. Intech Investment Management LLC bought a new position in Sterling Infrastructure during the third quarter valued at approximately $1,513,000. Citigroup Inc. boosted its holdings in Sterling Infrastructure by 183.9% in the third quarter. Citigroup Inc. now owns 35,960 shares of the construction company's stock worth $5,215,000 after purchasing an additional 23,295 shares during the last quarter. Finally, Cerity Partners LLC grew its position in Sterling Infrastructure by 62.2% in the 3rd quarter. Cerity Partners LLC now owns 5,184 shares of the construction company's stock worth $752,000 after purchasing an additional 1,988 shares during the period. Hedge funds and other institutional investors own 80.95% of the company's stock.

Sterling Infrastructure Company Profile

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.