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

Key Points

• Sterling Infrastructure's stock rating has been upgraded by Wall Street Zen from a "buy" to a "strong-buy" rating, indicating increased investor confidence.
• DA Davidson also raised the target price for STRL from $265.00 to $355.00, reflecting positive sentiment among analysts.
• Insider trading activity has been noted, with key executives selling significant shares, resulting in a 10.67% reduction in ownership by the General Counsel.

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

STRL has been the topic of several other research reports. DA Davidson boosted their target price on Sterling Infrastructure from $265.00 to $355.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Zacks Research raised Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company's stock. According to MarketBeat.com, Sterling Infrastructure presently has an average rating of "Buy" and an average price target of $355.00.

Sterling Infrastructure Stock Down 0.8%

STRL opened at $313.55 on Friday. The business has a 50 day moving average price of $272.84 and a two-hundred day moving average price of $200.75. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.31. The company has a market cap of $9.54 billion, a PE ratio of 34.08, a P/E/G ratio of 2.34 and a beta of 1.35. Sterling Infrastructure has a 52 week low of $96.34 and a 52 week high of $321.79.

Insider Buying and Selling

In related news, General Counsel Mark D. Wolf sold 3,500 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $225.87, for a total value of $790,545.00. Following the sale, the general counsel owned 29,315 shares of the company's stock, valued at approximately $6,621,379.05. This represents a 10.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dana C. O'brien sold 10,154 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $206.58, for a total value of $2,097,613.32. Following the completion of the sale, the director directly owned 16,498 shares in the company, valued at approximately $3,408,156.84. The trade was a 38.10% decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in STRL. Sunbelt Securities Inc. lifted its stake in shares of Sterling Infrastructure by 689.7% during the 1st quarter. Sunbelt Securities Inc. now owns 229 shares of the construction company's stock worth $26,000 after purchasing an additional 200 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Sterling Infrastructure during the 2nd quarter worth $26,000. Versant Capital Management Inc raised its position in shares of 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 during the period. Opal Wealth Advisors LLC purchased a new position in shares of Sterling Infrastructure in the 1st quarter worth $28,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Sterling Infrastructure in the 2nd quarter worth $29,000. Hedge funds and other institutional investors 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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