DA Davidson Forecasts Strong Price Appreciation for Sterling Infrastructure (NASDAQ:STRL) Stock

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) had its target price lifted by equities research analysts at DA Davidson from $205.00 to $265.00 in a report released on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the construction company's stock. DA Davidson's target price points to a potential upside of 14.14% from the company's previous close.

Separately, Wall Street Zen raised Sterling Infrastructure from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.

Sterling Infrastructure Stock Up 4.9%

Sterling Infrastructure stock traded up $10.82 during trading on Wednesday, reaching $232.18. The stock had a trading volume of 124,269 shares, compared to its average volume of 699,230. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.34. Sterling Infrastructure has a 52-week low of $93.50 and a 52-week high of $232.43. The stock has a market cap of $7.06 billion, a PE ratio of 27.24, a P/E/G ratio of 1.74 and a beta of 1.37. The business has a 50 day moving average price of $173.35 and a 200 day moving average price of $157.43.

Hedge Funds Weigh In On Sterling Infrastructure

Large investors have recently made changes to their positions in the stock. Convergence Investment Partners LLC boosted its holdings in Sterling Infrastructure by 47.7% during the fourth quarter. Convergence Investment Partners LLC now owns 9,297 shares of the construction company's stock worth $1,566,000 after buying an additional 3,002 shares in the last quarter. EFG Asset Management North America Corp. boosted its stake in shares of Sterling Infrastructure by 58.6% during the 4th quarter. EFG Asset Management North America Corp. now owns 37,015 shares of the construction company's stock worth $6,236,000 after acquiring an additional 13,682 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Sterling Infrastructure by 6.1% in the 4th quarter. Asset Management One Co. Ltd. now owns 37,671 shares of the construction company's stock worth $6,499,000 after acquiring an additional 2,156 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Sterling Infrastructure by 13.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,583 shares of the construction company's stock valued at $1,446,000 after purchasing an additional 1,043 shares in the last quarter. Finally, Advantage Alpha Capital Partners LP purchased a new position in Sterling Infrastructure in the 4th quarter valued at approximately $1,981,000. Hedge funds and other 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.

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