Sterling Infrastructure (NASDAQ:STRL - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Thursday.
Separately, William Blair began coverage on Sterling Infrastructure in a research report on Friday, January 17th. They issued an "outperform" rating for the company.
Read Our Latest Stock Report on Sterling Infrastructure
Sterling Infrastructure Price Performance
Shares of NASDAQ STRL traded up $1.37 during mid-day trading on Thursday, hitting $149.72. 369,995 shares of the company's stock traded hands, compared to its average volume of 506,250. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. Sterling Infrastructure has a 1 year low of $76.01 and a 1 year high of $206.07. The company's 50-day moving average is $172.14 and its two-hundred day moving average is $152.86. The company has a market capitalization of $4.60 billion, a P/E ratio of 25.29, a PEG ratio of 1.53 and a beta of 1.24.
Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.29. The business had revenue of $593.74 million for the quarter, compared to the consensus estimate 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 in the prior year, the business posted $1.26 earnings per share. On average, equities analysts anticipate that Sterling Infrastructure will post 5.98 EPS for the current fiscal year.
Insider Buying and Selling at Sterling Infrastructure
In other news, Director Dana C. O'brien sold 2,000 shares of the business's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total transaction of $351,780.00. Following the completion of the sale, the director now directly owns 25,901 shares of the company's stock, valued at approximately $4,555,726.89. The trade was a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.70% of the company's stock.
Institutional Investors Weigh In On Sterling Infrastructure
Large investors have recently added to or reduced their stakes in the stock. State Street Corp raised its holdings 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 valued at $103,433,000 after acquiring an additional 5,106 shares in the last quarter. Bay Rivers Group purchased a new stake in shares of Sterling Infrastructure in the 4th quarter worth approximately $341,000. Park Avenue Securities LLC bought a new position in shares of Sterling Infrastructure during the fourth quarter valued at approximately $253,000. Spire Wealth Management lifted its holdings in Sterling Infrastructure by 265.1% during the fourth quarter. Spire Wealth Management now owns 8,792 shares of the construction company's stock worth $1,481,000 after buying an additional 6,384 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Sterling Infrastructure by 1,088.1% in the 3rd quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company's stock worth $51,561,000 after buying an additional 325,620 shares during the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.
Sterling Infrastructure Company Profile
(
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.
See Also
Before you consider Sterling Infrastructure, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sterling Infrastructure wasn't on the list.
While Sterling Infrastructure currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.