Sterling Infrastructure (NASDAQ:STRL) Shares Up 4.8% - Here's What Happened

Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Get Free Report) traded up 4.8% on Tuesday . The company traded as high as $217.95 and last traded at $219.54. 107,129 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 697,610 shares. The stock had previously closed at $209.55.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. DA Davidson raised their price objective on Sterling Infrastructure from $205.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday. Wall Street Zen raised Sterling Infrastructure from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd.

Sterling Infrastructure Price Performance

The stock has a 50 day moving average of $178.59 and a two-hundred day moving average of $158.24. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market capitalization of $6.63 billion, a P/E ratio of 25.46, a P/E/G ratio of 1.86 and a beta of 1.37.

Insiders Place Their Bets

In other Sterling Infrastructure news, Director Dana C. O'brien sold 10,154 shares of Sterling Infrastructure stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $206.58, for a total value of $2,097,613.32. Following the transaction, the director now directly owns 16,498 shares of the company's stock, valued at $3,408,156.84. The trade was a 38.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.70% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Invst LLC increased its position in Sterling Infrastructure by 13.3% in the 1st quarter. Invst LLC now owns 8,206 shares of the construction company's stock worth $929,000 after buying an additional 964 shares during the period. Rhumbline Advisers increased its position in shares of Sterling Infrastructure by 2.7% during the first quarter. Rhumbline Advisers now owns 47,770 shares of the construction company's stock valued at $5,408,000 after purchasing an additional 1,270 shares during the period. Strs Ohio bought a new stake in shares of Sterling Infrastructure during the first quarter valued at approximately $962,000. Intech Investment Management LLC increased its position in shares of Sterling Infrastructure by 47.4% during the first quarter. Intech Investment Management LLC now owns 25,736 shares of the construction company's stock valued at $2,914,000 after purchasing an additional 8,281 shares during the period. Finally, Focus Partners Wealth increased its position in shares of Sterling Infrastructure by 13.7% during the first quarter. Focus Partners Wealth now owns 2,313 shares of the construction company's stock valued at $262,000 after purchasing an additional 279 shares during the period. 80.95% of the stock is owned by institutional investors.

Sterling Infrastructure Company Profile

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.