Sterling Infrastructure (NASDAQ:STRL) Rating Lowered to “Hold” at StockNews.com

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

A number of other brokerages have also commented on STRL. William Blair started coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They set an “outperform” rating on the stock. DA Davidson upgraded Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a report on Thursday, February 27th.

Sterling Infrastructure Stock Up 5.8 %

NASDAQ STRL traded up $7.32 during trading hours on Monday, reaching $133.95. 400,721 shares of the company’s stock were exchanged, compared to its average volume of 394,203. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 22.63, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32. The company’s 50-day moving average is $139.49 and its two-hundred day moving average is $156.20. Sterling Infrastructure has a one year low of $93.50 and a one year high of $206.07.

Hedge Funds Weigh In On Sterling Infrastructure

A number of large investors have recently bought and sold shares of STRL. Vanguard Group Inc. lifted its position in shares of Sterling Infrastructure by 30.0% in the fourth quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company’s stock worth $425,135,000 after purchasing an additional 581,847 shares in the last quarter. Principal Financial Group Inc. lifted its position in Sterling Infrastructure by 1,088.1% during the 3rd quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company’s stock worth $51,561,000 after buying an additional 325,620 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Sterling Infrastructure during the 4th quarter worth about $47,712,000. Capital Research Global Investors grew its holdings in shares of Sterling Infrastructure by 78.5% in the 4th quarter. Capital Research Global Investors now owns 574,976 shares of the construction company’s stock valued at $96,855,000 after acquiring an additional 252,934 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Sterling Infrastructure by 74.1% in the fourth quarter. First Trust Advisors LP now owns 356,339 shares of the construction company’s stock valued at $60,025,000 after acquiring an additional 151,642 shares during the last quarter. Institutional investors and hedge funds 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.