Sterling Infrastructure (NASDAQ:STRL) Upgraded at StockNews.com

Sterling Infrastructure (NASDAQ:STRL) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

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

Sterling Infrastructure Stock Up 4.0 %

Shares of NASDAQ:STRL opened at $146.71 on Wednesday. The firm has a market capitalization of $4.51 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 2.07 and a beta of 1.26. Sterling Infrastructure has a 1 year low of $74.44 and a 1 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. The firm’s 50-day moving average is $178.49 and its two-hundred day moving average is $151.92.

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

Insider Activity at Sterling Infrastructure

In related 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 completion of the transaction, the director now owns 25,901 shares in the company, valued at approximately $4,555,726.89. The trade was a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.70% of the stock is owned by corporate insiders.

Institutional Trading of Sterling Infrastructure

A number of institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in shares of Sterling Infrastructure by 1,088.1% in the 3rd quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company’s stock valued at $51,561,000 after acquiring an additional 325,620 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Sterling Infrastructure in the fourth quarter valued at approximately $47,712,000. International Assets Investment Management LLC increased its stake in Sterling Infrastructure by 14,112.0% in the third quarter. International Assets Investment Management LLC now owns 142,120 shares of the construction company’s stock valued at $20,610,000 after purchasing an additional 141,120 shares during the last quarter. WCM Investment Management LLC acquired a new stake in Sterling Infrastructure during the fourth quarter worth approximately $18,019,000. Finally, Congress Asset Management Co. lifted its position in shares of Sterling Infrastructure by 19.1% during the 3rd quarter. Congress Asset Management Co. now owns 647,924 shares of the construction company’s stock worth $93,962,000 after buying an additional 104,096 shares during the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

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.