Sterling Infrastructure (NASDAQ:STRL - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Thursday.
Separately, DA Davidson raised shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price target on the stock in a research note on Thursday, February 27th.
Get Our Latest Stock Report on STRL
Sterling Infrastructure Stock Down 0.5%
NASDAQ:STRL traded down $0.87 during mid-day trading on Thursday, hitting $181.23. The company had a trading volume of 112,141 shares, compared to its average volume of 496,864. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 1.28 and a beta of 1.27. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. Sterling Infrastructure has a 1 year low of $93.50 and a 1 year high of $206.07. The business has a fifty day simple moving average of $144.31 and a 200-day simple moving average of $156.36.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Sunbelt Securities Inc. raised its position in shares of Sterling Infrastructure by 689.7% in the 1st quarter. Sunbelt Securities Inc. now owns 229 shares of the construction company's stock valued at $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 valued at $27,000 after buying an additional 185 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in Sterling Infrastructure in the first quarter valued at about $28,000. SBI Securities Co. Ltd. acquired a new stake in Sterling Infrastructure during the fourth quarter valued at approximately $39,000. Finally, Quarry LP lifted its holdings in Sterling Infrastructure by 107.7% during the 1st quarter. Quarry LP now owns 376 shares of the construction company's stock worth $43,000 after buying an additional 195 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company's stock.
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
