Sterling Infrastructure's (STRL) Buy (B) Rating Reaffirmed at Weiss Ratings

Key Points

• Sterling Infrastructure's stock has received a reaffirmed "buy" rating from Weiss Ratings, indicating continued positive sentiment from analysts.
• The company has seen varying ratings from different analysts, with one upgrading it to a "strong-buy" rating and another raising the price target to $355.00.
• Institutional investors own 80.95% of Sterling Infrastructure's stock, with significant recent increases in holdings from several investment firms.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report)'s stock had its "buy (b)" rating reissued by equities researchers at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

STRL has been the subject of a number of other research reports. Wall Street Zen lowered shares of Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a report on Friday, September 26th. DA Davidson raised their price target on shares of Sterling Infrastructure from $265.00 to $355.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Zacks Research raised shares of Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $355.00.

Sterling Infrastructure Stock Performance

NASDAQ:STRL opened at $366.99 on Wednesday. Sterling Infrastructure has a 1 year low of $96.34 and a 1 year high of $376.75. The firm has a 50 day moving average of $308.22 and a 200-day moving average of $228.62. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $11.16 billion, a P/E ratio of 39.89, a price-to-earnings-growth ratio of 2.58 and a beta of 1.38.

Institutional Trading of Sterling Infrastructure

A number of institutional investors have recently bought and sold shares of STRL. Wealth Enhancement Advisory Services LLC grew its holdings in Sterling Infrastructure by 15.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,467 shares of the construction company's stock worth $584,000 after acquiring an additional 457 shares during the period. GAMMA Investing LLC grew its holdings in Sterling Infrastructure by 10,336.9% during the 1st quarter. GAMMA Investing LLC now owns 34,755 shares of the construction company's stock worth $3,935,000 after acquiring an additional 34,422 shares during the period. Rhumbline Advisers grew its holdings in Sterling Infrastructure by 2.7% during 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 period. Pallas Capital Advisors LLC grew its holdings in Sterling Infrastructure by 42.3% during the 1st quarter. Pallas Capital Advisors LLC now owns 2,150 shares of the construction company's stock worth $243,000 after acquiring an additional 639 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new stake in Sterling Infrastructure during the 1st quarter worth $28,000. 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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