StockNews.com Upgrades Sterling Infrastructure (NASDAQ:STRL) to Buy

StockNews.com upgraded shares of Sterling Infrastructure (NASDAQ:STRL) from a hold rating to a buy rating in a research report sent to investors on Thursday.

Sterling Infrastructure Price Performance

Shares of NASDAQ:STRL opened at $104.90 on Thursday. The company has a market capitalization of $3.24 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 1.40 and a beta of 1.19. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a fifty day moving average of $117.13 and a 200-day moving average of $106.98. Sterling Infrastructure has a one year low of $55.45 and a one year high of $137.63.

Sterling Infrastructure (NASDAQ:STRL) last announced its earnings results on Monday, May 6th. The construction company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.82 by $0.18. Sterling Infrastructure had a return on equity of 25.06% and a net margin of 7.47%. The business had revenue of $440.36 million during the quarter, compared to the consensus estimate of $453.30 million. As a group, equities analysts anticipate that Sterling Infrastructure will post 5.25 EPS for the current fiscal year.

Institutional Trading of Sterling Infrastructure

Hedge funds have recently bought and sold shares of the company. Raymond James & Associates raised its holdings in shares of Sterling Infrastructure by 13.4% during the fourth quarter. Raymond James & Associates now owns 31,266 shares of the construction company’s stock valued at $2,749,000 after acquiring an additional 3,690 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Sterling Infrastructure by 248.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 29,332 shares of the construction company’s stock valued at $2,579,000 after purchasing an additional 20,905 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Sterling Infrastructure by 8,693.0% in the fourth quarter. International Assets Investment Management LLC now owns 87,930 shares of the construction company’s stock valued at $7,732,000 after purchasing an additional 86,930 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Sterling Infrastructure by 42.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 33,643 shares of the construction company’s stock worth $2,958,000 after buying an additional 10,037 shares during the period. Finally, Mackenzie Financial Corp acquired a new position in Sterling Infrastructure during the fourth quarter valued at $294,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

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.