Sterling Infrastructure, Inc. (NASDAQ:STRL) Short Interest Up 26.8% in February

Sterling Infrastructure, Inc. (NASDAQ:STRL) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 1,750,000 shares, an increase of 26.8% from the February 13th total of 1,380,000 shares. Approximately 5.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 562,800 shares, the short-interest ratio is presently 3.1 days.

Sterling Infrastructure Trading Up 3.0 %

Shares of NASDAQ STRL opened at $121.37 on Monday. Sterling Infrastructure has a 1-year low of $93.50 and a 1-year high of $206.07. The company has a market cap of $3.71 billion, a PE ratio of 20.50, a P/E/G ratio of 1.28 and a beta of 1.32. 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 company has a 50-day moving average of $144.56 and a two-hundred day moving average of $155.73.

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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Sterling Infrastructure

A number of institutional investors and hedge funds have recently modified their holdings of the business. Huntington National Bank raised its stake in shares of Sterling Infrastructure by 34.6% during the fourth quarter. Huntington National Bank now owns 288 shares of the construction company’s stock worth $49,000 after buying an additional 74 shares during the last quarter. Kovack Advisors Inc. raised its stake in shares of Sterling Infrastructure by 3.2% during the fourth quarter. Kovack Advisors Inc. now owns 2,914 shares of the construction company’s stock worth $491,000 after buying an additional 91 shares during the last quarter. Willis Investment Counsel raised its stake in shares of Sterling Infrastructure by 1.4% during the fourth quarter. Willis Investment Counsel now owns 7,535 shares of the construction company’s stock worth $1,269,000 after buying an additional 101 shares during the last quarter. JT Stratford LLC raised its stake in shares of Sterling Infrastructure by 1.0% during the fourth quarter. JT Stratford LLC now owns 12,465 shares of the construction company’s stock worth $2,100,000 after buying an additional 121 shares during the last quarter. Finally, Xponance Inc. raised its stake in shares of Sterling Infrastructure by 6.5% during the fourth quarter. Xponance Inc. now owns 2,144 shares of the construction company’s stock worth $361,000 after buying an additional 131 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on STRL shares. DA Davidson raised shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a research note on Thursday, February 27th. William Blair started coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an “outperform” rating for the company. Finally, StockNews.com raised shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th.

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.