Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 683,559 shares changed hands during mid-day trading, an increase of 53% from the previous session's volume of 447,491 shares.The stock last traded at $142.39 and had previously closed at $141.00.
Analyst Ratings Changes
A number of research firms have weighed in on STRL. DA Davidson raised 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 initiated coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They set an "outperform" rating on the stock. Finally, StockNews.com lowered shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th.
Get Our Latest Stock Report on STRL
Sterling Infrastructure Stock Performance
The company has a market capitalization of $4.00 billion, a P/E ratio of 22.22, a PEG ratio of 1.28 and a beta of 1.19. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The company's 50-day moving average is $124.01 and its two-hundred day moving average is $154.61.
Institutional Trading of Sterling Infrastructure
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bay Rivers Group purchased a new stake in Sterling Infrastructure during the fourth quarter valued at about $341,000. Convergence Investment Partners LLC raised its holdings in shares of Sterling Infrastructure by 47.7% during the 4th quarter. Convergence Investment Partners LLC now owns 9,297 shares of the construction company's stock valued at $1,566,000 after buying an additional 3,002 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Sterling Infrastructure by 7.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company's stock worth $111,873,000 after buying an additional 49,008 shares during the last quarter. Park Avenue Securities LLC purchased a new stake in Sterling Infrastructure in the fourth quarter worth approximately $253,000. Finally, Spire Wealth Management grew its position in Sterling Infrastructure by 265.1% during the fourth quarter. Spire Wealth Management now owns 8,792 shares of the construction company's stock valued at $1,481,000 after acquiring an additional 6,384 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company's stock.
About Sterling Infrastructure
(
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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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