Sterling Infrastructure (NASDAQ:STRL) Rating Lowered 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 note issued to investors on Thursday.

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

Sterling Infrastructure Stock Performance

Shares of NASDAQ:STRL opened at $148.35 on Thursday. The business has a 50-day moving average of $173.97 and a two-hundred day moving average of $152.70. The firm has a market capitalization of $4.56 billion, a PE ratio of 25.06, a P/E/G ratio of 1.47 and a beta of 1.24. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. Sterling Infrastructure has a 12 month low of $76.01 and a 12 month high of $206.07.

Sterling Infrastructure (NASDAQ:STRL) last posted its earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.29. The firm had revenue of $593.74 million during the quarter, compared to the consensus estimate of $599.90 million. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 27.52%. During the same quarter in the prior year, the company earned $1.26 EPS. As a group, research analysts forecast that Sterling Infrastructure will post 5.98 earnings per share for the current year.

Insider Transactions at Sterling Infrastructure

In other news, Director Dana C. O’brien sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total transaction of $351,780.00. Following the transaction, the director now directly owns 25,901 shares of the company’s stock, valued at approximately $4,555,726.89. The trade was a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Sterling Infrastructure

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP boosted its position in Sterling Infrastructure by 510.7% in the 3rd quarter. Quarry LP now owns 171 shares of the construction company’s stock valued at $25,000 after buying an additional 143 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Sterling Infrastructure in the third quarter worth about $26,000. Huntington National Bank boosted its holdings in Sterling Infrastructure by 21,300.0% in the third quarter. Huntington National Bank now owns 214 shares of the construction company’s stock valued at $31,000 after purchasing an additional 213 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Sterling Infrastructure during the 4th quarter valued at approximately $39,000. Finally, Signaturefd LLC increased its holdings in 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 purchasing an additional 161 shares during the last quarter. Hedge funds and other 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.