Sterling Infrastructure (NASDAQ:STRL) Stock Rating Upgraded by StockNews.com

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

STRL has been the subject of a number of other reports. DA Davidson raised shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price for the company in a report on Thursday, February 27th. William Blair began coverage on Sterling Infrastructure in a research note on Friday, January 17th. They issued an "outperform" rating for the company.

Sterling Infrastructure Stock Performance

Shares of STRL stock traded down $5.00 during trading hours on Tuesday, reaching $104.96. The company had a trading volume of 1,141,372 shares, compared to its average volume of 417,937. 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 business has a fifty day moving average price of $127.07 and a 200-day moving average price of $155.78. Sterling Infrastructure has a one year low of $93.50 and a one year high of $206.07. The firm has a market cap of $3.19 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 1.28 and a beta of 1.19.

Remove Ads

Institutional Investors Weigh In On Sterling Infrastructure

Several institutional investors and hedge funds have recently modified their holdings of STRL. Citigroup Inc. increased its position in Sterling Infrastructure by 183.9% in the third quarter. Citigroup Inc. now owns 35,960 shares of the construction company's stock worth $5,215,000 after purchasing an additional 23,295 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Sterling Infrastructure by 62.2% in the 3rd quarter. Cerity Partners LLC now owns 5,184 shares of the construction company's stock worth $752,000 after buying an additional 1,988 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Sterling Infrastructure by 168.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 66,235 shares of the construction company's stock valued at $9,605,000 after acquiring an additional 41,582 shares during the last quarter. Captrust Financial Advisors grew its position in Sterling Infrastructure by 24.3% in the third quarter. Captrust Financial Advisors now owns 24,679 shares of the construction company's stock worth $3,579,000 after acquiring an additional 4,824 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in Sterling Infrastructure by 2.6% during the third quarter. Janus Henderson Group PLC now owns 53,757 shares of the construction company's stock worth $7,795,000 after acquiring an additional 1,384 shares during the last quarter. Institutional investors 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.