Sterling Infrastructure (NASDAQ:STRL) Downgraded to “Hold” Rating by StockNews.com

StockNews.com cut shares of Sterling Infrastructure (NASDAQ:STRL) from a buy rating to a hold rating in a report released on Monday morning.

Several other equities research analysts also recently commented on the company. DA Davidson raised Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a report on Thursday, February 27th. William Blair started coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an “outperform” rating for the company.

Sterling Infrastructure Stock Performance

Shares of NASDAQ STRL opened at $133.95 on Monday. 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 stock has a 50 day moving average price of $139.49 and a 200 day moving average price of $156.20. The stock has a market capitalization of $4.10 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32. Sterling Infrastructure has a 52 week low of $93.50 and a 52 week high of $206.07.

Institutional Trading of Sterling Infrastructure

A number of hedge funds have recently made changes to their positions in STRL. Quarry LP increased its holdings in shares of Sterling Infrastructure by 510.7% during the 3rd quarter. Quarry LP now owns 171 shares of the construction company’s stock worth $25,000 after acquiring an additional 143 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Sterling Infrastructure in the fourth quarter valued at $39,000. Huntington National Bank raised its position 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 valued at $49,000 after purchasing an additional 74 shares during the period. National Bank of Canada FI acquired a new stake in shares of Sterling Infrastructure during the 4th quarter worth about $56,000. Finally, Arcadia Investment Management Corp MI bought a new stake in shares of Sterling Infrastructure during the 4th quarter worth about $71,000. 80.95% of the stock is 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.