Sterling Infrastructure (NASDAQ:STRL) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Sterling Infrastructure (NASDAQ:STRL - Free Report) from a hold rating to a buy rating in a research report released on Thursday.

Several other equities analysts have also weighed in on the company. William Blair initiated coverage on Sterling Infrastructure in a report on Friday, January 17th. They set an "outperform" rating for the company. DA Davidson raised Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price target on the stock in a research report on Thursday, February 27th.

Sterling Infrastructure Stock Down 2.3 %

STRL stock traded down $2.72 during trading on Thursday, reaching $118.00. The stock had a trading volume of 643,851 shares, compared to its average volume of 635,690. Sterling Infrastructure has a one year low of $93.50 and a one year high of $206.07. 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 company's 50 day moving average is $149.96 and its two-hundred day moving average is $155.45. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 19.93, a P/E/G ratio of 1.28 and a beta of 1.32.

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Insider Activity

In other news, Director Dana C. O'brien sold 2,000 shares of the company's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total transaction of $351,780.00. Following the transaction, the director now owns 25,901 shares of the company's stock, valued at $4,555,726.89. This represents a 7.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.70% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Cim LLC purchased a new stake in Sterling Infrastructure during the 4th quarter worth about $271,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Sterling Infrastructure during the 4th quarter worth about $6,914,000. Forum Financial Management LP purchased a new stake in Sterling Infrastructure during the 4th quarter worth about $224,000. Invst LLC lifted its holdings in Sterling Infrastructure by 5.3% during the 4th quarter. Invst LLC now owns 7,242 shares of the construction company's stock worth $1,220,000 after purchasing an additional 366 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in Sterling Infrastructure by 289.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 907 shares of the construction company's stock worth $153,000 after purchasing an additional 674 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company's stock.

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.