StockNews.com Downgrades Sterling Infrastructure (NASDAQ:STRL) to Hold

StockNews.com downgraded shares of Sterling Infrastructure (NASDAQ:STRL) from a buy rating to a hold rating in a report published on Wednesday morning.

A number of other research analysts also recently issued reports on the stock. William Blair assumed coverage on shares of Sterling Infrastructure in a research report on Friday, January 17th. They issued an “outperform” rating on the stock. DA Davidson upgraded shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a report on Thursday, February 27th.

Sterling Infrastructure Price Performance

Shares of STRL opened at $137.09 on Wednesday. The business has a 50-day moving average of $124.81 and a 200-day moving average of $154.72. Sterling Infrastructure has a 1 year low of $93.50 and a 1 year high of $206.07. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 23.16, a price-to-earnings-growth ratio of 1.28 and a beta of 1.19. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29.

Institutional Investors Weigh In On Sterling Infrastructure

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP boosted its holdings in shares of 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 buying an additional 143 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Sterling Infrastructure by 355.8% during the 1st quarter. Versant Capital Management Inc now owns 237 shares of the construction company’s stock valued at $27,000 after acquiring an additional 185 shares during the period. SBI Securities Co. Ltd. bought a new position in Sterling Infrastructure during the fourth quarter worth $39,000. Huntington National Bank boosted its stake in 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 acquiring an additional 74 shares in the last quarter. Finally, National Bank of Canada FI acquired a new stake in Sterling Infrastructure in the fourth quarter worth $56,000. 80.95% of the stock is currently owned by institutional investors.

Sterling Infrastructure Company Profile

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.