Sterling Infrastructure, Inc. (NASDAQ:STRL - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $143.20 and last traded at $149.43, with a volume of 367880 shares traded. The stock had previously closed at $149.28.
Analyst Ratings Changes
STRL has been the topic of several research reports. William Blair initiated coverage on Sterling Infrastructure in a research note on Friday, January 17th. They issued an "outperform" rating on the stock. DA Davidson raised Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price target for the company in a report on Thursday, February 27th. Finally, StockNews.com cut Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th.
Check Out Our Latest Stock Analysis on Sterling Infrastructure
Sterling Infrastructure Stock Up 3.3 %
The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The firm has a market cap of $5.24 billion, a P/E ratio of 29.00, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. The stock's fifty day moving average is $129.29 and its two-hundred day moving average is $154.08.
Institutional Investors Weigh In On Sterling Infrastructure
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sunbelt Securities Inc. increased its stake in Sterling Infrastructure by 689.7% in the 1st quarter. Sunbelt Securities Inc. now owns 229 shares of the construction company's stock worth $26,000 after acquiring an additional 200 shares during the last quarter. Versant Capital Management Inc grew its stake in Sterling Infrastructure by 355.8% in the 1st quarter. Versant Capital Management Inc now owns 237 shares of the construction company's stock worth $27,000 after buying an additional 185 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in Sterling Infrastructure in the 1st quarter worth approximately $28,000. SBI Securities Co. Ltd. bought a new position in shares of Sterling Infrastructure in the 4th quarter worth $39,000. Finally, Huntington National Bank raised its position in shares of Sterling Infrastructure by 34.6% during the 4th quarter. Huntington National Bank now owns 288 shares of the construction company's stock valued at $49,000 after buying an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company's stock.
About Sterling Infrastructure
(
Get Free Report)
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.
Read More
Before you consider Sterling Infrastructure, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sterling Infrastructure wasn't on the list.
While Sterling Infrastructure currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
