Sterling Infrastructure (NASDAQ:STRL - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Thursday.
Separately, DA Davidson upgraded Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price objective for the company in a research report on Thursday, February 27th.
View Our Latest Stock Analysis on Sterling Infrastructure
Sterling Infrastructure Trading Up 2.8%
Shares of STRL traded up $5.11 during mid-day trading on Thursday, reaching $189.51. 306,173 shares of the company were exchanged, compared to its average volume of 499,653. Sterling Infrastructure has a 52 week low of $93.50 and a 52 week high of $206.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market capitalization of $5.76 billion, a PE ratio of 31.91, a PEG ratio of 1.28 and a beta of 1.27. The business has a 50 day simple moving average of $148.03 and a two-hundred day simple moving average of $156.44.
Institutional Investors Weigh In On Sterling Infrastructure
A number of hedge funds have recently added to or reduced their stakes in STRL. Sunbelt Securities Inc. increased its holdings in Sterling Infrastructure by 689.7% in the first quarter. Sunbelt Securities Inc. now owns 229 shares of the construction company's stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Versant Capital Management Inc increased its holdings in Sterling Infrastructure by 355.8% in the first quarter. Versant Capital Management Inc now owns 237 shares of the construction company's stock worth $27,000 after purchasing an additional 185 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in Sterling Infrastructure in the first quarter worth approximately $28,000. SBI Securities Co. Ltd. bought a new stake in Sterling Infrastructure in the fourth quarter worth approximately $39,000. Finally, Quarry LP increased its holdings in Sterling Infrastructure by 107.7% in the first quarter. Quarry LP now owns 376 shares of the construction company's stock worth $43,000 after purchasing an additional 195 shares in 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.
Featured Stories
Before you consider Sterling Infrastructure, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sterling Infrastructure wasn't on the list.
While Sterling Infrastructure currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
