Sterling Infrastructure (NASDAQ:STRL) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Sterling Infrastructure (NASDAQ:STRL – Get Rating) in a research note issued to investors on Thursday morning. The firm issued a buy rating on the construction company’s stock.

Separately, DA Davidson boosted their price target on Sterling Infrastructure from $35.00 to $48.00 in a research report on Thursday, March 2nd.

Sterling Infrastructure Stock Down 2.7 %

Shares of NASDAQ:STRL opened at $36.93 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.34 and a current ratio of 1.34. Sterling Infrastructure has a 1 year low of $20.46 and a 1 year high of $42.00. The stock has a market capitalization of $1.14 billion, a P/E ratio of 10.55, a PEG ratio of 0.61 and a beta of 1.37. The stock has a 50-day simple moving average of $36.48 and a 200-day simple moving average of $31.09.

Insider Buying and Selling

In related news, General Counsel Mark D. Wolf sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $41.24, for a total transaction of $164,960.00. Following the transaction, the general counsel now directly owns 38,939 shares of the company’s stock, valued at approximately $1,605,844.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $41.24, for a total value of $164,960.00. Following the transaction, the general counsel now directly owns 38,939 shares of the company’s stock, valued at approximately $1,605,844.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Mark D. Wolf sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $31.82, for a total value of $111,370.00. Following the completion of the transaction, the general counsel now directly owns 34,590 shares in the company, valued at $1,100,653.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,482 shares of company stock valued at $2,821,554. Corporate insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On Sterling Infrastructure

A number of institutional investors have recently made changes to their positions in the business. Truist Financial Corp acquired a new stake in shares of Sterling Infrastructure during the 4th quarter valued at approximately $578,000. Alliancebernstein L.P. acquired a new stake in shares of Sterling Infrastructure during the 4th quarter valued at approximately $984,000. State of Wyoming raised its position in shares of Sterling Infrastructure by 186.7% during the 4th quarter. State of Wyoming now owns 8,603 shares of the construction company’s stock valued at $282,000 after acquiring an additional 5,602 shares in the last quarter. State of Tennessee Treasury Department raised its position in shares of Sterling Infrastructure by 66.7% during the 4th quarter. State of Tennessee Treasury Department now owns 6,444 shares of the construction company’s stock valued at $211,000 after acquiring an additional 2,579 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of Sterling Infrastructure by 10.2% during the 4th quarter. Lazard Asset Management LLC now owns 4,227 shares of the construction company’s stock valued at $138,000 after acquiring an additional 390 shares in the last quarter. 77.74% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Company Profile

(Get Rating)

Sterling Infrastructure, Inc engages in the provision of construction solutions. It operates through the following segments: Transportation Solutions, E-Infrastructure Solutions, and Building Solutions. The Transportation Solutions segment includes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, light rail, water, wastewater, and storm drainage systems.