Sterling Infrastructure (NASDAQ:STRL) Upgraded by Wall Street Zen to Buy Rating

Sterling Infrastructure (NASDAQ:STRL) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Separately, 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.

Sterling Infrastructure Price Performance

Shares of NASDAQ STRL opened at $184.40 on Thursday. The stock has a fifty day simple moving average of $146.88 and a two-hundred day simple moving average of $156.76. Sterling Infrastructure has a 1-year low of $93.50 and a 1-year high of $206.07. The firm has a market cap of $5.61 billion, a price-to-earnings ratio of 31.15, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41.

Institutional Investors Weigh In On Sterling Infrastructure

Several institutional investors have recently made changes to their positions in STRL. Sunbelt Securities Inc. lifted its position in shares of Sterling Infrastructure by 689.7% during the first quarter. Sunbelt Securities Inc. now owns 229 shares of the construction company’s stock worth $26,000 after acquiring an additional 200 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Sterling Infrastructure by 355.8% during the first quarter. Versant Capital Management Inc now owns 237 shares of the construction company’s stock worth $27,000 after acquiring an additional 185 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of Sterling Infrastructure during the first quarter worth $28,000. SBI Securities Co. Ltd. purchased a new stake in shares of Sterling Infrastructure during the fourth quarter worth $39,000. Finally, Quarry LP lifted its position in shares of Sterling Infrastructure by 107.7% during the first quarter. Quarry LP now owns 376 shares of the construction company’s stock worth $43,000 after acquiring an additional 195 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

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.