Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 683,559 shares changed hands during mid-day trading, an increase of 53% from the previous session's volume of 447,491 shares.The stock last traded at $142.39 and had previously closed at $141.00.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on STRL. StockNews.com lowered shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th. DA Davidson upgraded Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price objective for the company in a report on Thursday, February 27th. Finally, William Blair started coverage on Sterling Infrastructure in a research report on Friday, January 17th. They set an "outperform" rating for the company.
View Our Latest Research Report on Sterling Infrastructure
Sterling Infrastructure Stock Down 0.1 %
The firm's 50 day simple moving average is $124.01 and its 200-day simple moving average is $154.49. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 1.28 and a beta of 1.19.
Institutional Trading of Sterling Infrastructure
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc raised its stake in shares of Sterling Infrastructure by 355.8% during the 1st quarter. Versant Capital Management Inc now owns 237 shares of the construction company's stock worth $27,000 after purchasing an additional 185 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in Sterling Infrastructure in the first quarter valued at $28,000. SBI Securities Co. Ltd. bought a new position in shares of Sterling Infrastructure in the 4th quarter valued at about $39,000. Huntington National Bank increased its stake in shares of Sterling Infrastructure by 34.6% during the 4th quarter. Huntington National Bank now owns 288 shares of the construction company's stock worth $49,000 after purchasing an additional 74 shares during the last quarter. Finally, National Bank of Canada FI acquired a new stake in Sterling Infrastructure in the 4th quarter valued at about $56,000. Institutional investors own 80.95% of the company's stock.
About Sterling Infrastructure
(
Get Free Report)
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.
Further Reading
Before you consider Sterling Infrastructure, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sterling Infrastructure wasn't on the list.
While Sterling Infrastructure currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
