Sterling Infrastructure (NASDAQ:STRL) Stock Rating Lowered by Wall Street Zen

Wall Street Zen lowered shares of Sterling Infrastructure (NASDAQ:STRL - Free Report) from a buy rating to a hold rating in a research note issued to investors on Saturday.

Separately, DA Davidson lifted their target price on shares of Sterling Infrastructure from $205.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th.

Sterling Infrastructure Trading Up 3.6%

Shares of NASDAQ STRL traded up $8.26 during mid-day trading on Friday, hitting $236.98. The stock had a trading volume of 239,906 shares, compared to its average volume of 521,931. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.32 and a current ratio of 1.32. Sterling Infrastructure has a 1 year low of $93.50 and a 1 year high of $237.70. The business has a 50 day moving average price of $196.43 and a two-hundred day moving average price of $161.20. The firm has a market cap of $7.21 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 1.96 and a beta of 1.40.

Insiders Place Their Bets

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 3,500 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $225.87, for a total transaction of $790,545.00. Following the transaction, the general counsel directly owned 29,315 shares of the company's stock, valued at approximately $6,621,379.05. The trade was a 10.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dana C. O'brien sold 10,154 shares of the business's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $206.58, for a total transaction of $2,097,613.32. Following the transaction, the director directly owned 16,498 shares in the company, valued at approximately $3,408,156.84. The trade was a 38.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. increased its position in Sterling Infrastructure by 5.4% during the 1st quarter. Assetmark Inc. now owns 1,372 shares of the construction company's stock valued at $155,000 after purchasing an additional 70 shares during the period. Huntington National Bank grew its position in shares of Sterling Infrastructure by 34.6% in the 4th quarter. Huntington National Bank now owns 288 shares of the construction company's stock worth $49,000 after buying an additional 74 shares during the period. Peterson Wealth Services grew its position in shares of Sterling Infrastructure by 2.1% in the 1st quarter. Peterson Wealth Services now owns 5,054 shares of the construction company's stock worth $572,000 after buying an additional 103 shares during the period. D.A. Davidson & CO. grew its position in shares of Sterling Infrastructure by 5.0% in the 1st quarter. D.A. Davidson & CO. now owns 2,424 shares of the construction company's stock worth $274,000 after buying an additional 116 shares during the period. Finally, JT Stratford LLC grew its position in shares of Sterling Infrastructure by 1.0% in the 4th quarter. JT Stratford LLC now owns 12,465 shares of the construction company's stock worth $2,100,000 after buying an additional 121 shares during the period. 80.95% of the stock is owned by hedge funds and other institutional investors.

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.