DA Davidson Upgrades Sterling Infrastructure (NASDAQ:STRL) to “Buy”

Sterling Infrastructure (NASDAQ:STRL) was upgraded by equities researchers at DA Davidson from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday,Finviz reports. The brokerage currently has a $185.00 price target on the construction company’s stock. DA Davidson’s price objective would suggest a potential upside of 51.44% from the company’s current price.

A number of other equities analysts have also recently issued reports on STRL. William Blair started coverage on Sterling Infrastructure in a report on Friday, January 17th. They issued an “outperform” rating for the company. StockNews.com raised Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Thursday, February 20th.

Sterling Infrastructure Trading Up 5.4 %

Sterling Infrastructure stock opened at $122.16 on Thursday. The business has a 50 day moving average price of $158.12 and a two-hundred day moving average price of $155.09. 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 stock has a market cap of $3.75 billion, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 1.28 and a beta of 1.24. Sterling Infrastructure has a 12 month low of $93.50 and a 12 month high of $206.07.

Insider Activity at Sterling Infrastructure

In related news, Director Dana C. O’brien sold 2,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was 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 directly owns 25,901 shares of the company’s stock, valued at $4,555,726.89. This trade represents a 7.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Sterling Infrastructure

Several hedge funds and other institutional investors have recently made changes to their positions in STRL. Creative Planning increased its stake in shares of Sterling Infrastructure by 53.5% in the 3rd quarter. Creative Planning now owns 4,687 shares of the construction company’s stock valued at $680,000 after buying an additional 1,634 shares during the period. Signaturefd LLC increased its stake in shares of Sterling Infrastructure by 119.3% in the 3rd quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock valued at $43,000 after buying an additional 161 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Sterling Infrastructure in the 3rd quarter valued at $437,000. Pallas Capital Advisors LLC acquired a new stake in shares of Sterling Infrastructure in the 3rd quarter valued at $232,000. Finally, Diversify Advisory Services LLC acquired a new stake in shares of Sterling Infrastructure in the 3rd quarter valued at $307,000. 80.95% of the stock is owned by institutional investors and hedge funds.

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.