Sterling Infrastructure (NASDAQ:STRL) Hits New 1-Year High - What's Next?

Sterling Infrastructure, Inc. (NASDAQ:STRL - Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $207.01 and last traded at $206.08, with a volume of 581356 shares traded. The stock had previously closed at $195.24.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on STRL shares. Wall Street Zen upgraded shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. DA Davidson upgraded shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a research note on Thursday, February 27th.

Sterling Infrastructure Trading Up 5.5%

The stock has a fifty day simple moving average of $158.76 and a 200 day simple moving average of $157.08. 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 firm has a market cap of $6.26 billion, a P/E ratio of 34.80, a price-to-earnings-growth ratio of 1.28 and a beta of 1.37.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in STRL. Convergence Investment Partners LLC raised its stake in Sterling Infrastructure by 47.7% during the 4th quarter. Convergence Investment Partners LLC now owns 9,297 shares of the construction company's stock worth $1,566,000 after acquiring an additional 3,002 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Sterling Infrastructure by 7.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company's stock valued at $111,873,000 after purchasing an additional 49,008 shares during the period. EFG Asset Management North America Corp. lifted 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 valued at $6,236,000 after buying an additional 13,682 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in 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 buying an additional 2,156 shares during the period. Finally, 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 worth $1,446,000 after buying an additional 1,043 shares in the last quarter. 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.

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