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

Sterling Infrastructure, Inc. (NASDAQ:STRL - Get Free Report) 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.

Wall Street Analyst Weigh In

STRL has been the subject of several recent analyst reports. William Blair assumed coverage on Sterling Infrastructure in a report on Friday, January 17th. They set an "outperform" rating for the company. StockNews.com raised shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a research note on Wednesday, January 29th.

Sterling Infrastructure Stock Down 3.8 %

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 stock has a 50-day simple moving average of $177.41 and a two-hundred day simple moving average of $152.46. The firm has a market cap of $4.21 billion, a PE ratio of 23.14, a P/E/G ratio of 1.47 and a beta of 1.24.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 earnings per share for the quarter, beating analysts' consensus estimates of $1.68 by $0.29. The company had revenue of $593.74 million for the quarter, compared to analysts' expectations 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 firm posted $1.26 EPS. Analysts expect that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current year.

Insider Transactions at Sterling Infrastructure

In related news, Director Dana C. O'brien sold 2,000 shares of Sterling Infrastructure stock in a transaction 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 transaction, the director now owns 25,901 shares in the company, valued at $4,555,726.89. This trade represents a 7.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.80% of the company's stock.

Institutional Trading of Sterling Infrastructure

Institutional investors have recently added to or reduced their stakes in the business. Creative Planning purchased a new stake in Sterling Infrastructure during the 2nd quarter valued at about $361,000. Cetera Investment Advisers lifted its position in Sterling Infrastructure by 12.4% in the second quarter. Cetera Investment Advisers now owns 12,149 shares of the construction company's stock valued at $1,438,000 after purchasing an additional 1,341 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Sterling Infrastructure in the second quarter valued at approximately $1,538,000. Handelsbanken Fonder AB boosted its stake in shares of Sterling Infrastructure by 22.2% during the third quarter. Handelsbanken Fonder AB now owns 8,800 shares of the construction company's stock valued at $1,276,000 after purchasing an additional 1,600 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Sterling Infrastructure by 45.2% in the third quarter. GAMMA Investing LLC now owns 302 shares of the construction company's stock worth $44,000 after purchasing an additional 94 shares during the last quarter. 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.