Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $121.37, but opened at $115.94. Sterling Infrastructure shares last traded at $117.79, with a volume of 56,937 shares traded.
Analyst Upgrades and Downgrades
A number of analysts recently commented on STRL shares. StockNews.com raised Sterling Infrastructure from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. William Blair started coverage on Sterling Infrastructure in a report on Friday, January 17th. They set an "outperform" rating for the company. Finally, DA Davidson upgraded Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a report on Thursday, February 27th.
Get Our Latest Analysis on STRL
Sterling Infrastructure Price Performance
The company has a market capitalization of $3.88 billion, a P/E ratio of 21.39, a price-to-earnings-growth 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 is $140.79 and its two-hundred day moving average is $155.32.
Institutional Investors Weigh In On Sterling Infrastructure
Several large investors have recently made changes to their positions in STRL. Quarry LP lifted its stake in Sterling Infrastructure by 510.7% in the third quarter. Quarry LP now owns 171 shares of the construction company's stock valued at $25,000 after purchasing an additional 143 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Sterling Infrastructure in the 4th quarter worth approximately $39,000. Huntington National Bank grew its stake in Sterling Infrastructure by 34.6% in the 4th quarter. Huntington National Bank now owns 288 shares of the construction company's stock valued at $49,000 after buying an additional 74 shares in the last quarter. National Bank of Canada FI bought a new stake in Sterling Infrastructure during the 4th quarter valued at $56,000. Finally, Arcadia Investment Management Corp MI bought a new position in shares of Sterling Infrastructure in the fourth quarter worth $71,000. 80.95% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Stories
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
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
