Sterling Infrastructure (NASDAQ:STRL) Upgraded by DA Davidson to “Buy” Rating

DA Davidson upgraded shares of Sterling Infrastructure (NASDAQ:STRL) from a neutral rating to a buy rating in a report published on Thursday, Marketbeat.com reports. They currently have $185.00 price objective on the construction company’s stock.

Several other research analysts have also recently weighed in on the stock. StockNews.com upgraded shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Thursday, February 20th. William Blair assumed coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They set an “outperform” rating on the stock.

Sterling Infrastructure Stock Up 0.8 %

Sterling Infrastructure stock opened at $123.15 on Thursday. Sterling Infrastructure has a fifty-two week low of $93.50 and a fifty-two week high of $206.07. The stock has a market cap of $3.78 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 1.28 and a beta of 1.24. The firm’s 50-day simple moving average is $157.22 and its 200 day simple moving average is $154.86. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29.

Insider Buying and Selling at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total value of $351,780.00. Following the transaction, the director now directly owns 25,901 shares in the company, valued at $4,555,726.89. The trade was a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.70% of the company’s stock.

Institutional Trading of Sterling Infrastructure

Institutional investors have recently modified their holdings of the business. Quarry LP increased its holdings in Sterling Infrastructure by 510.7% during the 3rd quarter. Quarry LP now owns 171 shares of the construction company’s stock worth $25,000 after acquiring an additional 143 shares during the period. Capital Performance Advisors LLP bought a new stake in Sterling Infrastructure during the 3rd quarter worth approximately $26,000. Huntington National Bank increased its holdings in Sterling Infrastructure by 21,300.0% during the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company’s stock worth $31,000 after acquiring an additional 213 shares during the period. SBI Securities Co. Ltd. bought a new stake in Sterling Infrastructure during the 4th quarter worth approximately $39,000. Finally, Signaturefd LLC increased its holdings in Sterling Infrastructure by 119.3% during the 3rd quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock worth $43,000 after acquiring an additional 161 shares during the period. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

About Sterling Infrastructure

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.