Sterling Infrastructure (NASDAQ:STRL) Stock Rating Upgraded by Wall Street Zen

Sterling Infrastructure (NASDAQ:STRL) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

Several other research firms have also commented on STRL. DA Davidson raised their price objective on Sterling Infrastructure from $265.00 to $355.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Zacks Research raised Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat.com, Sterling Infrastructure presently has an average rating of “Buy” and an average target price of $355.00.

Sterling Infrastructure Trading Down 0.8%

Shares of STRL opened at $313.55 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $9.54 billion, a P/E ratio of 34.08, a price-to-earnings-growth ratio of 2.34 and a beta of 1.35. The stock’s fifty day simple moving average is $272.84 and its 200 day simple moving average is $200.75. Sterling Infrastructure has a twelve month low of $96.34 and a twelve month high of $321.79.

Insider Activity

In other news, Director Dana C. O’brien sold 10,154 shares of the firm’s stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $206.58, for a total transaction of $2,097,613.32. Following the completion of the sale, the director directly owned 16,498 shares in the company, valued at $3,408,156.84. This trade represents a 38.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Mark D. Wolf sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $225.87, for a total value of $790,545.00. Following the sale, the general counsel owned 29,315 shares of the company’s stock, valued at $6,621,379.05. This represents a 10.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.

Institutional Trading of Sterling Infrastructure

Several large investors have recently modified their holdings of STRL. Sunbelt Securities Inc. grew its stake in shares of Sterling Infrastructure by 689.7% during the first quarter. Sunbelt Securities Inc. now owns 229 shares of the construction company’s stock valued at $26,000 after acquiring an additional 200 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in Sterling Infrastructure in the second quarter worth about $26,000. Versant Capital Management Inc grew its stake in Sterling Infrastructure by 355.8% in the first quarter. Versant Capital Management Inc now owns 237 shares of the construction company’s stock worth $27,000 after purchasing an additional 185 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in Sterling Infrastructure in the first quarter worth about $28,000. Finally, Ameritas Advisory Services LLC acquired a new position in Sterling Infrastructure in the second quarter worth about $29,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Sterling Infrastructure Company Profile

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.