Sterling Infrastructure, Inc. (NASDAQ:STRL - Get Free Report) rose 3.6% during trading on Tuesday . The company traded as high as $117.69 and last traded at $112.98. Approximately 1,087,266 shares traded hands during mid-day trading, an increase of 155% from the average daily volume of 426,241 shares. The stock had previously closed at $109.10.
Analyst Ratings Changes
A number of equities research analysts have weighed in on STRL shares. DA Davidson upgraded shares of 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. StockNews.com downgraded shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Wednesday. Finally, William Blair began coverage on Sterling Infrastructure in a research report on Friday, January 17th. They issued an "outperform" rating on the stock.
Check Out Our Latest Research Report on Sterling Infrastructure
Sterling Infrastructure Stock Up 3.5 %
The company has a market capitalization of $4.17 billion, a PE ratio of 23.16, a PEG ratio of 1.28 and a beta of 1.19. 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 business has a fifty day moving average of $124.81 and a 200 day moving average of $154.72.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in STRL. State Street Corp boosted its position in Sterling Infrastructure by 0.7% in the 3rd quarter. State Street Corp now owns 713,234 shares of the construction company's stock valued at $103,433,000 after buying an additional 5,106 shares during the period. Bay Rivers Group acquired a new stake in shares of Sterling Infrastructure in the fourth quarter valued at $341,000. Convergence Investment Partners LLC boosted its holdings in Sterling Infrastructure by 47.7% in the fourth quarter. Convergence Investment Partners LLC now owns 9,297 shares of the construction company's stock valued at $1,566,000 after purchasing an additional 3,002 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Sterling Infrastructure by 7.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company's stock worth $111,873,000 after purchasing an additional 49,008 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in Sterling Infrastructure during the 4th quarter worth about $253,000. Institutional investors and hedge funds 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.
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