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

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

Several other equities analysts also recently issued reports on STRL. William Blair assumed coverage on Sterling Infrastructure in a research report on Friday, January 17th. They issued an “outperform” rating for the company. DA Davidson raised 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 Price Performance

Shares of Sterling Infrastructure stock opened at $125.56 on Monday. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 21.21, a P/E/G ratio of 1.28 and a beta of 1.32. The firm’s 50-day moving average price is $137.65 and its two-hundred day moving average price is $156.14. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. Sterling Infrastructure has a 1-year low of $93.50 and a 1-year high of $206.07.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. State Street Corp increased its stake in shares of Sterling Infrastructure by 0.7% in the 3rd quarter. State Street Corp now owns 713,234 shares of the construction company’s stock valued at $103,433,000 after buying an additional 5,106 shares during the period. Bay Rivers Group bought a new position in Sterling Infrastructure in the fourth quarter valued at about $341,000. Convergence Investment Partners LLC increased its position in Sterling Infrastructure by 47.7% in the fourth quarter. Convergence Investment Partners LLC now owns 9,297 shares of the construction company’s stock worth $1,566,000 after purchasing an additional 3,002 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Sterling Infrastructure by 7.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company’s stock worth $111,873,000 after purchasing an additional 49,008 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new position in Sterling Infrastructure during the 4th quarter valued at about $253,000. Institutional investors own 80.95% of the company’s stock.

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.