Sterling Infrastructure (NASDAQ:STRL) Stock Price Expected to Rise, DA Davidson Analyst Says

Sterling Infrastructure (NASDAQ:STRL) had its target price upped by analysts at DA Davidson from $205.00 to $265.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. DA Davidson’s target price suggests a potential upside of 18.32% from the stock’s previous close.

Separately, Wall Street Zen upgraded shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd.

Sterling Infrastructure Stock Up 1.2%

STRL opened at $223.97 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.32 and a quick ratio of 1.32. The company’s 50-day moving average is $176.97 and its 200 day moving average is $158.09. Sterling Infrastructure has a fifty-two week low of $93.50 and a fifty-two week high of $233.57. The firm has a market capitalization of $6.81 billion, a P/E ratio of 26.16, a PEG ratio of 1.86 and a beta of 1.37.

Insider Activity at Sterling Infrastructure

In related news, Director Dana C. O’brien sold 10,154 shares of the business’s stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $206.58, for a total transaction of $2,097,613.32. Following the completion of the transaction, the director now owns 16,498 shares of the company’s stock, valued at approximately $3,408,156.84. The trade was a 38.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sterling Infrastructure

Several hedge funds have recently bought and sold shares of the stock. Assetmark Inc. lifted its position in Sterling Infrastructure by 5.4% during the first quarter. Assetmark Inc. now owns 1,372 shares of the construction company’s stock valued at $155,000 after purchasing an additional 70 shares during the last quarter. Huntington National Bank lifted its position in Sterling Infrastructure by 34.6% during 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 last quarter. Kovack Advisors Inc. lifted its position in Sterling Infrastructure by 3.2% during the fourth quarter. Kovack Advisors Inc. now owns 2,914 shares of the construction company’s stock valued at $491,000 after purchasing an additional 91 shares during the last quarter. Peterson Wealth Services lifted its position in Sterling Infrastructure by 2.1% during the first quarter. Peterson Wealth Services now owns 5,054 shares of the construction company’s stock valued at $572,000 after purchasing an additional 103 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its position in Sterling Infrastructure by 5.0% during the first quarter. D.A. Davidson & CO. now owns 2,424 shares of the construction company’s stock valued at $274,000 after purchasing an additional 116 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors.

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.