Sterling Infrastructure (NASDAQ:STRL) Reaches New 52-Week High - Should You Buy?

Sterling Infrastructure, Inc. (NASDAQ:STRL - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $242.23 and last traded at $241.76, with a volume of 335486 shares changing hands. The stock had previously closed at $236.29.

Wall Street Analyst Weigh In

Several analysts have recently commented on STRL shares. Wall Street Zen cut shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. DA Davidson increased their price target on shares of Sterling Infrastructure from $205.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 18th.

Sterling Infrastructure Stock Performance

The company has a debt-to-equity ratio of 0.34, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market capitalization of $7.35 billion, a PE ratio of 28.24, a P/E/G ratio of 1.95 and a beta of 1.40. The stock has a 50 day moving average of $204.46 and a two-hundred day moving average of $163.32.

Insiders Place Their Bets

In related news, General Counsel Mark D. Wolf sold 3,500 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $225.87, for a total transaction of $790,545.00. Following the sale, the general counsel 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dana C. O'brien sold 10,154 shares of the stock in a transaction dated 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 completion of the transaction, the director directly owned 16,498 shares of the company's stock, valued at approximately $3,408,156.84. This trade represents 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 company insiders.

Institutional Investors Weigh In On Sterling Infrastructure

A number of large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC grew its holdings in Sterling Infrastructure by 67.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,746 shares of the construction company's stock valued at $403,000 after buying an additional 705 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of Sterling Infrastructure during the second quarter valued at $236,000. Diversified Trust Co increased its position in Sterling Infrastructure by 5.7% during the 2nd quarter. Diversified Trust Co now owns 6,117 shares of the construction company's stock worth $1,411,000 after purchasing an additional 332 shares in the last quarter. CWC Advisors LLC. raised its stake in Sterling Infrastructure by 2.4% in the 2nd quarter. CWC Advisors LLC. now owns 1,858 shares of the construction company's stock valued at $429,000 after purchasing an additional 43 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. acquired a new position in Sterling Infrastructure in the 2nd quarter valued at about $224,000. 80.95% of the stock is owned by institutional investors and hedge funds.

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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