Sterling Infrastructure (NASDAQ:STRL) Upgraded at DA Davidson

DA Davidson upgraded shares of Sterling Infrastructure (NASDAQ:STRL) from a neutral rating to a buy rating in a report issued on Thursday morning, Marketbeat Ratings reports. The brokerage currently has $185.00 target price on the construction company’s stock.

Several other equities analysts have also commented on STRL. StockNews.com raised shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Thursday, February 20th. William Blair assumed coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They set an “outperform” rating on the stock.

Sterling Infrastructure Price Performance

Shares of NASDAQ:STRL opened at $123.15 on Thursday. The company’s fifty day moving average price is $157.22 and its 200-day moving average price is $154.86. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 1.28 and a beta of 1.24. 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 current ratio of 1.29 and a quick ratio of 1.29.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the 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 completion of the sale, the director now owns 25,901 shares of the company’s stock, valued at $4,555,726.89. This represents a 7.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Sterling Infrastructure

Institutional investors have recently added to or reduced their stakes in the company. Quarry LP boosted its position in Sterling Infrastructure by 510.7% during 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 period. Capital Performance Advisors LLP purchased a new stake in Sterling Infrastructure during the 3rd quarter valued at $26,000. Huntington National Bank boosted its position in Sterling Infrastructure by 21,300.0% during the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company’s stock valued at $31,000 after buying an additional 213 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Sterling Infrastructure during the 4th quarter valued at $39,000. Finally, Signaturefd LLC lifted its position in shares of Sterling Infrastructure by 119.3% in 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 period. 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.