Sterling Infrastructure (NASDAQ:STRL) Upgraded by StockNews.com to “Buy” Rating

Sterling Infrastructure (NASDAQ:STRL) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Separately, William Blair began coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They issued an “outperform” rating on the stock.

Sterling Infrastructure Price Performance

Sterling Infrastructure stock traded down $2.45 on Thursday, reaching $124.27. The company’s stock had a trading volume of 771,642 shares, compared to its average volume of 504,077. Sterling Infrastructure has a twelve month low of $81.25 and a twelve month high of $206.07. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 1.35 and a beta of 1.24. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The business’s fifty day moving average price is $162.04 and its 200 day moving average price is $154.21.

Insider Buying and Selling at Sterling Infrastructure

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

Hedge Funds Weigh In On Sterling Infrastructure

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Creative Planning lifted its position in shares of Sterling Infrastructure by 53.5% in the third quarter. Creative Planning now owns 4,687 shares of the construction company’s stock worth $680,000 after purchasing an additional 1,634 shares in the last quarter. Blue Trust Inc. lifted its position in Sterling Infrastructure by 16.6% during the 3rd quarter. Blue Trust Inc. now owns 1,246 shares of the construction company’s stock worth $181,000 after buying an additional 177 shares in the last quarter. Signaturefd LLC boosted its stake in shares of 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 buying an additional 161 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Sterling Infrastructure by 14,112.0% in the third quarter. International Assets Investment Management LLC now owns 142,120 shares of the construction company’s stock valued at $20,610,000 after acquiring an additional 141,120 shares during the last quarter. Finally, CWC Advisors LLC. acquired a new position in Sterling Infrastructure during the third quarter valued at approximately $412,000. 80.95% of the stock is owned by institutional investors and hedge funds.

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.