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

Sterling Infrastructure (NASDAQ:STRL) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Separately, William Blair assumed coverage on Sterling Infrastructure in a research note on Friday, January 17th. They issued an “outperform” rating for the company.

Sterling Infrastructure Trading Up 0.9 %

Shares of NASDAQ:STRL opened at $149.72 on Thursday. Sterling Infrastructure has a 12-month low of $76.01 and a 12-month high of $206.07. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $4.60 billion, a P/E ratio of 25.29, a price-to-earnings-growth ratio of 1.47 and a beta of 1.24. The firm has a fifty day moving average of $173.03 and a two-hundred day moving average of $152.67.

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

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was 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 in the company, valued at $4,555,726.89. This trade represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.80% of the stock is owned by company insiders.

Institutional Trading of Sterling Infrastructure

Several large investors have recently made changes to their positions in STRL. Creative Planning bought a new stake in Sterling Infrastructure during the second quarter worth approximately $361,000. Cetera Investment Advisers lifted its stake in shares of Sterling Infrastructure by 12.4% in the second quarter. Cetera Investment Advisers now owns 12,149 shares of the construction company’s stock worth $1,438,000 after buying an additional 1,341 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of Sterling Infrastructure by 22.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 8,800 shares of the construction company’s stock worth $1,276,000 after buying an additional 1,600 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Sterling Infrastructure by 45.2% during the 3rd quarter. GAMMA Investing LLC now owns 302 shares of the construction company’s stock worth $44,000 after buying an additional 94 shares during the period. Finally, Diversified Trust Co grew its stake in Sterling Infrastructure by 77.0% in the 3rd quarter. Diversified Trust Co now owns 4,380 shares of the construction company’s stock valued at $635,000 after buying an additional 1,905 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

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.