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
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
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.
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