Sterling Infrastructure (NASDAQ:STRL) Stock Price Up 7.2% – Should You Buy?

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

Analyst Ratings Changes

STRL has been the topic of a number of analyst reports. William Blair initiated coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They issued an “outperform” rating on the stock. StockNews.com upgraded shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Finally, DA Davidson upgraded shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a report on Thursday, February 27th.

Sterling Infrastructure Stock Performance

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 market cap of $3.86 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32. The company’s 50 day simple moving average is $142.42 and its 200 day simple moving average is $155.73.

Institutional Investors Weigh In On Sterling Infrastructure

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP increased its stake 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 purchasing an additional 143 shares during the last quarter. Huntington National Bank increased its stake in shares of Sterling Infrastructure by 21,300.0% during the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company’s stock worth $31,000 after purchasing an additional 213 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Sterling Infrastructure during the 4th quarter worth approximately $39,000. National Bank of Canada FI purchased a new stake in shares of Sterling Infrastructure during the 4th quarter worth approximately $56,000. Finally, Arcadia Investment Management Corp MI purchased a new stake in shares of Sterling Infrastructure during the 4th quarter worth approximately $71,000. Hedge funds and other institutional investors 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.