Sterling Infrastructure (NASDAQ:STRL) Stock Rating Lowered by StockNews.com

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

Other equities analysts have also recently issued research reports about the company. DA Davidson upgraded Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a report on Thursday, February 27th. William Blair started coverage on Sterling Infrastructure in a research report on Friday, January 17th. They issued an “outperform” rating for the company.

Sterling Infrastructure Stock Performance

Shares of STRL traded up $7.32 during midday trading on Monday, reaching $133.95. The stock had a trading volume of 400,721 shares, compared to its average volume of 394,203. The firm has a market cap of $4.10 billion, a PE ratio of 22.63, a P/E/G ratio of 1.28 and a beta of 1.32. The firm has a 50 day simple moving average of $139.49 and a 200-day simple moving average of $156.20. Sterling Infrastructure has a one year low of $93.50 and a one year high of $206.07. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41.

Institutional Trading of Sterling Infrastructure

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP raised its holdings 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 acquiring an additional 143 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Sterling Infrastructure during the fourth quarter worth approximately $39,000. Huntington National Bank increased its stake in shares of Sterling Infrastructure by 34.6% during the fourth quarter. Huntington National Bank now owns 288 shares of the construction company’s stock worth $49,000 after purchasing an additional 74 shares during the period. National Bank of Canada FI acquired a new stake in Sterling Infrastructure during the 4th quarter worth approximately $56,000. Finally, Arcadia Investment Management Corp MI bought a new stake in Sterling Infrastructure in the 4th quarter valued at $71,000. 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.