Sterling Infrastructure, Inc. (NASDAQ:STRL - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $135.23, but opened at $145.94. Sterling Infrastructure shares last traded at $144.12, with a volume of 179,079 shares traded.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on STRL. DA Davidson upgraded shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price objective on the stock in a research report on Thursday, February 27th. StockNews.com lowered shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th. Finally, William Blair started coverage on Sterling Infrastructure in a research report on Friday, January 17th. They set an "outperform" rating for the company.
Read Our Latest Report on STRL
Sterling Infrastructure Stock Performance
The firm has a market capitalization of $4.27 billion, a P/E ratio of 23.69, a P/E/G ratio of 1.28 and a beta of 1.19. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a 50-day moving average price of $124.01 and a two-hundred day moving average price of $154.54.
Institutional Investors Weigh In On Sterling Infrastructure
Hedge funds have recently made changes to their positions in the company. Bay Rivers Group purchased a new stake in Sterling Infrastructure in the fourth quarter worth about $341,000. Convergence Investment Partners LLC boosted its stake in shares of Sterling Infrastructure by 47.7% during the fourth quarter. Convergence Investment Partners LLC now owns 9,297 shares of the construction company's stock valued at $1,566,000 after purchasing an additional 3,002 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Sterling Infrastructure by 7.9% in the fourth 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 in the last quarter. Park Avenue Securities LLC purchased a new stake in Sterling Infrastructure during the fourth quarter worth $253,000. Finally, Spire Wealth Management increased its holdings in shares of Sterling Infrastructure by 265.1% in the 4th 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 period. 80.95% of the stock is currently owned by hedge funds and other institutional investors.
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.
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