Sterling Infrastructure (NASDAQ:STRL) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Sterling Infrastructure (NASDAQ:STRL) from a hold rating to a buy rating in a research note published on Tuesday morning.

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

Sterling Infrastructure Stock Up 2.1 %

NASDAQ STRL opened at $115.64 on Tuesday. The stock has a 50 day moving average price of $132.09 and a 200-day moving average price of $156.35. Sterling Infrastructure has a one year low of $93.50 and a one year high of $206.07. 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 company has a market capitalization of $3.52 billion, a P/E ratio of 19.53, a P/E/G ratio of 1.28 and a beta of 1.32.

Institutional Trading of Sterling Infrastructure

Institutional investors have recently bought and sold shares of the stock. Quarry LP increased its position in Sterling Infrastructure by 510.7% during the third quarter. Quarry LP now owns 171 shares of the construction company’s stock valued at $25,000 after acquiring an additional 143 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Sterling Infrastructure in the 4th quarter worth about $39,000. Huntington National Bank boosted its stake in shares of Sterling Infrastructure by 34.6% during the 4th quarter. Huntington National Bank now owns 288 shares of the construction company’s stock worth $49,000 after purchasing an additional 74 shares during the period. National Bank of Canada FI bought a new position in Sterling Infrastructure during the 4th quarter valued at about $56,000. Finally, Arcadia Investment Management Corp MI purchased a new stake in Sterling Infrastructure in the 4th quarter worth about $71,000. 80.95% of the stock is currently owned by 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.