Sterling Infrastructure (NASDAQ:STRL) Trading 7.2% Higher – Still a Buy?

Sterling Infrastructure, Inc. (NASDAQ:STRL) shares traded up 7.2% during trading on Wednesday . The company traded as high as $125.58 and last traded at $126.54. 254,017 shares traded hands during trading, a decline of 35% from the average session volume of 390,380 shares. The stock had previously closed at $118.04.

Analyst Ratings Changes

A number of research firms have issued reports on STRL. William Blair began coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an “outperform” rating for the company. DA Davidson upgraded shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a research note on Thursday, February 27th. Finally, StockNews.com upgraded shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th.

Sterling Infrastructure Price Performance

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 stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 1.28 and a beta of 1.32. The stock’s 50 day simple moving average is $140.79 and its 200-day simple moving average is $155.32.

Institutional Trading of Sterling Infrastructure

A number of institutional investors and hedge funds have recently modified their holdings of the company. Huntington National Bank lifted its stake in shares of Sterling Infrastructure by 34.6% in the fourth quarter. Huntington National Bank now owns 288 shares of the construction company’s stock worth $49,000 after buying an additional 74 shares during the last quarter. Kovack Advisors Inc. raised its stake in Sterling Infrastructure by 3.2% during the 4th quarter. Kovack Advisors Inc. now owns 2,914 shares of the construction company’s stock valued at $491,000 after purchasing an additional 91 shares during the last quarter. Willis Investment Counsel raised its stake in Sterling Infrastructure by 1.4% during the 4th quarter. Willis Investment Counsel now owns 7,535 shares of the construction company’s stock valued at $1,269,000 after purchasing an additional 101 shares during the last quarter. JT Stratford LLC raised its stake in Sterling Infrastructure by 1.0% during the 4th quarter. JT Stratford LLC now owns 12,465 shares of the construction company’s stock valued at $2,100,000 after purchasing an additional 121 shares during the last quarter. Finally, Xponance Inc. raised its stake in Sterling Infrastructure by 6.5% during the 4th quarter. Xponance Inc. now owns 2,144 shares of the construction company’s stock valued at $361,000 after purchasing an additional 131 shares during the last quarter. 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.