Sterling Infrastructure, Inc. (NASDAQ:STRL - Get Free Report)'s stock price was down 5.4% during trading on Tuesday . The stock traded as low as $193.20 and last traded at $191.90. Approximately 84,692 shares traded hands during trading, a decline of 83% from the average daily volume of 500,767 shares. The stock had previously closed at $202.91.
Analysts Set New Price Targets
Several equities analysts recently commented on STRL shares. DA Davidson raised shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price objective for the company in a research note on Thursday, February 27th. Wall Street Zen raised shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd.
View Our Latest Stock Analysis on Sterling Infrastructure
Sterling Infrastructure Trading Up 3.1%
The firm has a market capitalization of $6.22 billion, a P/E ratio of 34.54, a price-to-earnings-growth ratio of 1.28 and a beta of 1.37. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The firm's 50-day simple moving average is $164.02 and its 200-day simple moving average is $156.99.
Institutional Investors Weigh In On Sterling Infrastructure
A number of hedge funds have recently made changes to their positions in the business. Invst LLC lifted its holdings in shares of 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 acquiring an additional 964 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Sterling Infrastructure by 2.7% in the 1st quarter. Rhumbline Advisers now owns 47,770 shares of the construction company's stock worth $5,408,000 after acquiring an additional 1,270 shares during the last quarter. Strs Ohio bought a new stake in Sterling Infrastructure during the 1st quarter valued at $962,000. Intech Investment Management LLC raised its holdings in Sterling Infrastructure by 47.4% during the 1st quarter. Intech Investment Management LLC now owns 25,736 shares of the construction company's stock valued at $2,914,000 after buying an additional 8,281 shares during the last quarter. Finally, Focus Partners Wealth raised its holdings in Sterling Infrastructure by 13.7% during the 1st quarter. Focus Partners Wealth now owns 2,313 shares of the construction company's stock valued at $262,000 after buying an additional 279 shares during the last quarter. 80.95% of the stock is currently owned by 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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