StockNews.com Downgrades Sterling Infrastructure (NASDAQ:STRL) to Hold

Sterling Infrastructure (NASDAQ:STRL) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Monday.

STRL has been the topic of a number of other research reports. DA Davidson raised shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a report on Thursday, February 27th. William Blair began coverage on shares of Sterling Infrastructure in a research report on Friday, January 17th. They issued an “outperform” rating for the company.

Sterling Infrastructure Trading Down 2.0 %

Shares of NASDAQ:STRL opened at $131.29 on Monday. Sterling Infrastructure has a 52 week low of $93.50 and a 52 week high of $206.07. The company’s 50 day moving average is $138.68 and its two-hundred day moving average is $156.36. The company has a market cap of $4.02 billion, a PE ratio of 22.18, a P/E/G ratio of 1.28 and a beta of 1.32. 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 Trading of Sterling Infrastructure

A number of hedge funds have recently added to or reduced their stakes in STRL. State Street Corp raised its position in Sterling Infrastructure by 0.7% during the 3rd quarter. State Street Corp now owns 713,234 shares of the construction company’s stock worth $103,433,000 after buying an additional 5,106 shares during the last quarter. Bay Rivers Group purchased a new stake in shares of Sterling Infrastructure during the 4th quarter worth approximately $341,000. Convergence Investment Partners LLC grew its holdings in Sterling Infrastructure by 47.7% in the fourth quarter. Convergence Investment Partners LLC now owns 9,297 shares of the construction company’s stock valued at $1,566,000 after purchasing an additional 3,002 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Sterling Infrastructure by 7.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company’s stock worth $111,873,000 after buying an additional 49,008 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in shares of Sterling Infrastructure in the 4th quarter worth about $253,000. 80.95% of the stock is owned by institutional investors and hedge funds.

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.