Sterling Infrastructure (NASDAQ:STRL) Stock Price Up 7.2% - Still a Buy?

Sterling Infrastructure, Inc. (NASDAQ:STRL - Get Free Report)'s stock price shot up 7.2% on Wednesday . The stock traded as high as $125.58 and last traded at $126.54. 254,017 shares were traded during mid-day trading, a decline of 35% from the average session volume of 390,380 shares. The stock had previously closed at $118.04.

Analysts Set New Price Targets

STRL has been the topic of a number of recent analyst reports. William Blair initiated coverage on Sterling Infrastructure in a research report on Friday, January 17th. They issued an "outperform" rating on the stock. StockNews.com upgraded Sterling Infrastructure from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Finally, DA Davidson upgraded Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price for the company in a research report on Thursday, February 27th.

Sterling Infrastructure Stock Performance

The company's 50-day simple moving average is $140.05 and its 200-day simple moving average is $155.70. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 1.28 and a beta of 1.32. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41.

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Institutional Trading of Sterling Infrastructure

A number of institutional investors and hedge funds have recently bought and sold shares of STRL. Quest Partners LLC lifted its position in shares of Sterling Infrastructure by 212.4% in the 3rd quarter. Quest Partners LLC now owns 3,624 shares of the construction company's stock worth $526,000 after purchasing an additional 2,464 shares during the period. Pathstone Holdings LLC grew its holdings in Sterling Infrastructure by 157.1% during the 3rd quarter. Pathstone Holdings LLC now owns 9,900 shares of the construction company's stock worth $1,436,000 after acquiring an additional 6,049 shares during the period. Commerce Bank raised its position in shares of Sterling Infrastructure by 29.5% in the 3rd quarter. Commerce Bank now owns 2,986 shares of the construction company's stock worth $433,000 after acquiring an additional 680 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Sterling Infrastructure in the 3rd quarter worth about $1,513,000. Finally, Citigroup Inc. lifted its stake in shares of Sterling Infrastructure by 183.9% in the 3rd quarter. Citigroup Inc. now owns 35,960 shares of the construction company's stock valued at $5,215,000 after purchasing an additional 23,295 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

About Sterling Infrastructure

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.