Sterling Infrastructure (NASDAQ:STRL) Stock Rating Lowered by Wall Street Zen

Key Points

• Sterling Infrastructure has been downgraded by Wall Street Zen from a "strong-buy" to a "buy" rating.
• Despite the downgrade, analysts from Zacks Research upgraded the stock from "hold" to "strong-buy," highlighting the diverse opinions on its performance.
• Institutional investors hold 80.95% of Sterling Infrastructure's shares, indicating strong investor confidence in the company's prospects.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report issued on Friday.

Other equities analysts have also issued reports about the stock. Zacks Research upgraded shares of Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a report on Friday, September 5th. DA Davidson upped their price objective on Sterling Infrastructure from $265.00 to $355.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $355.00.

Sterling Infrastructure Stock Performance

Shares of Sterling Infrastructure stock opened at $342.11 on Friday. The business's 50 day moving average price is $293.55 and its 200 day moving average price is $216.10. The company has a market cap of $10.41 billion, a price-to-earnings ratio of 37.19, a PEG ratio of 2.50 and a beta of 1.35. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.42 and a current ratio of 1.42. Sterling Infrastructure has a one year low of $96.34 and a one year high of $376.75.

Institutional Investors Weigh In On Sterling Infrastructure

A number of hedge funds have recently bought and sold shares of STRL. Millennium Management LLC raised its holdings in shares of Sterling Infrastructure by 743.9% in the 1st quarter. Millennium Management LLC now owns 493,393 shares of the construction company's stock valued at $55,857,000 after purchasing an additional 434,925 shares in the last quarter. State Street Corp boosted its holdings in shares of Sterling Infrastructure by 62.0% in the 2nd quarter. State Street Corp now owns 1,131,751 shares of the construction company's stock valued at $261,129,000 after buying an additional 433,311 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Sterling Infrastructure by 82.7% during the second quarter. Invesco Ltd. now owns 735,910 shares of the construction company's stock worth $169,797,000 after purchasing an additional 333,013 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Sterling Infrastructure in the 1st quarter valued at about $28,689,000. Finally, Amanah Holdings Trust acquired a new stake in shares of Sterling Infrastructure in the 2nd quarter valued at about $44,527,000. Institutional investors and hedge funds own 80.95% of the company's stock.

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.

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