Sterling Infrastructure (NASDAQ:STRL) Upgraded at DA Davidson

DA Davidson upgraded shares of Sterling Infrastructure (NASDAQ:STRL) from a neutral rating to a buy rating in a research report report published on Thursday morning, Marketbeat Ratings reports. DA Davidson currently has $185.00 price objective on the construction company’s stock. DA Davidson also issued estimates for Sterling Infrastructure’s Q1 2025 earnings at $1.15 EPS, Q1 2025 earnings at $1.15 EPS, FY2025 earnings at $7.00 EPS, FY2025 earnings at $7.00 EPS, FY2026 earnings at $8.02 EPS and FY2026 earnings at $8.02 EPS.

A number of other analysts also recently commented on the company. William Blair started coverage on Sterling Infrastructure in a research note 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, February 20th.

Sterling Infrastructure Price Performance

Shares of STRL stock opened at $127.21 on Thursday. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 1.28 and a beta of 1.24. 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’s 50-day simple moving average is $155.22 and its 200-day simple moving average is $154.79. Sterling Infrastructure has a fifty-two week low of $93.50 and a fifty-two week high of $206.07.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total value of $351,780.00. Following the transaction, the director now directly owns 25,901 shares in the company, valued at $4,555,726.89. This represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.70% of the stock is currently owned by company insiders.

Institutional Trading of Sterling Infrastructure

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Sterling Infrastructure by 30.0% during the 4th quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company’s stock worth $425,135,000 after acquiring an additional 581,847 shares during the period. Invesco Ltd. lifted its holdings in shares of Sterling Infrastructure by 22.5% during the 4th quarter. Invesco Ltd. now owns 757,273 shares of the construction company’s stock worth $127,563,000 after acquiring an additional 139,081 shares during the period. Geode Capital Management LLC increased its holdings in shares of Sterling Infrastructure by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 719,980 shares of the construction company’s stock worth $104,431,000 after buying an additional 3,918 shares during the last quarter. State Street Corp lifted its stake in shares of Sterling Infrastructure by 0.7% in the 3rd quarter. State Street Corp now owns 713,234 shares of the construction company’s stock valued at $103,433,000 after purchasing an additional 5,106 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Sterling Infrastructure by 7.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company’s stock valued at $111,873,000 after acquiring an additional 49,008 shares in 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.