Sterling Infrastructure (NASDAQ:STRL) Shares Gap Up - Should You Buy?

Sterling Infrastructure, Inc. (NASDAQ:STRL - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $143.00, but opened at $149.18. Sterling Infrastructure shares last traded at $142.11, with a volume of 107,584 shares changing hands.

Analyst Upgrades and Downgrades

Separately, William Blair initiated coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They set an "outperform" rating on the stock.

Sterling Infrastructure Price Performance

The stock has a market cap of $4.29 billion, a PE ratio of 23.59, a P/E/G ratio of 2.07 and a beta of 1.26. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The business has a 50 day moving average price of $180.47 and a two-hundred day moving average price of $152.03.

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

Insider Buying and Selling at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O'brien sold 2,000 shares of the firm's stock in a transaction dated 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 sale, the director now directly owns 25,901 shares in the company, valued at $4,555,726.89. This trade represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.70% of the company's stock.

Hedge Funds Weigh In On Sterling Infrastructure

Several large investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in shares of Sterling Infrastructure by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 719,980 shares of the construction company's stock valued at $104,431,000 after acquiring an additional 3,918 shares during the last quarter. State Street Corp lifted its position in shares of Sterling Infrastructure by 0.7% in the third quarter. State Street Corp now owns 713,234 shares of the construction company's stock worth $103,433,000 after buying an additional 5,106 shares in the last quarter. Congress Asset Management Co. lifted its position in Sterling Infrastructure by 19.1% during the third quarter. Congress Asset Management Co. now owns 647,924 shares of the construction company's stock valued at $93,962,000 after purchasing an additional 104,096 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Sterling Infrastructure by 19.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 617,901 shares of the construction company's stock valued at $89,608,000 after purchasing an additional 102,101 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its position in Sterling Infrastructure by 4.9% in the 3rd quarter. Loomis Sayles & Co. L P now owns 380,972 shares of the construction company's stock worth $55,248,000 after purchasing an additional 17,863 shares during the period. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

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.