StockNews.com Upgrades Sterling Infrastructure (NASDAQ:STRL) to Buy

Sterling Infrastructure (NASDAQ:STRL) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

STRL has been the subject of a number of other reports. DA Davidson raised Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a report on Thursday, February 27th. William Blair assumed coverage on shares of Sterling Infrastructure in a research report on Friday, January 17th. They issued an “outperform” rating on the stock.

Sterling Infrastructure Price Performance

NASDAQ STRL traded up $2.43 on Tuesday, reaching $115.64. The company’s stock had a trading volume of 657,700 shares, compared to its average volume of 410,523. Sterling Infrastructure has a 52 week low of $93.50 and a 52 week high of $206.07. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The firm has a market cap of $3.52 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32. The business has a 50-day moving average price of $132.09 and a 200 day moving average price of $156.35.

Hedge Funds Weigh In On Sterling Infrastructure

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Sterling Infrastructure by 15.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,467 shares of the construction company’s stock valued at $584,000 after buying an additional 457 shares during the last quarter. Cim LLC acquired a new stake in Sterling Infrastructure in the 4th quarter valued at about $271,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Sterling Infrastructure during the fourth quarter worth approximately $6,914,000. Forum Financial Management LP bought a new stake in shares of Sterling Infrastructure during the fourth quarter valued at approximately $224,000. Finally, Invst LLC increased its holdings in shares of Sterling Infrastructure by 5.3% in the fourth quarter. Invst LLC now owns 7,242 shares of the construction company’s stock valued at $1,220,000 after purchasing an additional 366 shares in the last quarter. 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.