Sterling Infrastructure (NASDAQ:STRL) Upgraded at StockNews.com

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

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

Sterling Infrastructure Stock Down 1.9 %

Shares of NASDAQ STRL opened at $124.27 on Thursday. The stock has a market capitalization of $3.82 billion, a P/E ratio of 20.99, a PEG ratio of 1.31 and a beta of 1.24. Sterling Infrastructure has a one year low of $81.25 and a one year high of $206.07. The firm’s 50 day simple moving average is $162.04 and its two-hundred day simple moving average is $154.21. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29.

Insider Buying and Selling

In other news, Director Dana C. O’brien sold 2,000 shares of the firm’s stock in a transaction that occurred on 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 owns 25,901 shares in the company, valued at approximately $4,555,726.89. This trade represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sterling Infrastructure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Chartwell Investment Partners LLC grew its holdings in Sterling Infrastructure by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 8,958 shares of the construction company’s stock worth $1,299,000 after acquiring an additional 70 shares during the last quarter. Huntington National Bank boosted its holdings 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 purchasing an additional 74 shares during the period. Kovack Advisors Inc. grew its stake in shares of Sterling Infrastructure by 3.2% in the fourth quarter. Kovack Advisors Inc. now owns 2,914 shares of the construction company’s stock worth $491,000 after purchasing an additional 91 shares during the last quarter. Willis Investment Counsel increased its holdings in Sterling Infrastructure by 1.4% during the 4th quarter. Willis Investment Counsel now owns 7,535 shares of the construction company’s stock valued at $1,269,000 after purchasing an additional 101 shares during the period. Finally, JT Stratford LLC increased its holdings in Sterling Infrastructure by 1.0% during the 4th quarter. JT Stratford LLC now owns 12,465 shares of the construction company’s stock valued at $2,100,000 after purchasing an additional 121 shares during the period. 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.