Sterling Infrastructure (NASDAQ:STRL) Shares Gap Up - Time to Buy?

Sterling Infrastructure, Inc. (NASDAQ:STRL - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $135.23, but opened at $145.94. Sterling Infrastructure shares last traded at $144.12, with a volume of 179,079 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on STRL shares. William Blair started coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They set an "outperform" rating on the stock. DA Davidson raised Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price target for the company in a research report on Thursday, February 27th. Finally, StockNews.com downgraded Sterling Infrastructure from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th.

Sterling Infrastructure Price Performance

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 stock has a 50 day moving average of $124.01 and a 200-day moving average of $154.49. The company has a market cap of $4.27 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 1.28 and a beta of 1.19.

Institutional Investors Weigh In On Sterling Infrastructure

A number of hedge funds and other institutional investors have recently made changes to their positions in STRL. Versant Capital Management Inc lifted its position in shares of Sterling Infrastructure by 355.8% in the first quarter. Versant Capital Management Inc now owns 237 shares of the construction company's stock valued at $27,000 after acquiring an additional 185 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in Sterling Infrastructure in the 1st quarter valued at $28,000. SBI Securities Co. Ltd. acquired a new stake in Sterling Infrastructure during the 4th quarter worth $39,000. Huntington National Bank grew its holdings in shares of Sterling Infrastructure by 34.6% during the fourth quarter. Huntington National Bank now owns 288 shares of the construction company's stock worth $49,000 after buying an additional 74 shares in the last quarter. Finally, National Bank of Canada FI acquired a new stake in shares of Sterling Infrastructure in the fourth quarter valued at about $56,000. Institutional investors and hedge funds 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.