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

StockNews.com cut shares of Sterling Infrastructure (NASDAQ:STRL) from a buy rating to a hold rating in a report issued on Sunday.

Sterling Infrastructure Trading Up 3.5 %

Shares of STRL stock opened at $134.94 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.24. Sterling Infrastructure has a 1 year low of $55.45 and a 1 year high of $139.27. The stock has a fifty day moving average of $115.16 and a two-hundred day moving average of $114.03. The firm has a market capitalization of $4.16 billion, a PE ratio of 28.05, a price-to-earnings-growth ratio of 1.38 and a beta of 1.16.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings results on Monday, August 5th. The construction company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.24. Sterling Infrastructure had a return on equity of 25.64% and a net margin of 7.85%. The company had revenue of $582.82 million during the quarter, compared to analyst estimates of $553.70 million. During the same quarter in the previous year, the firm posted $1.27 EPS. As a group, research analysts expect that Sterling Infrastructure will post 5.66 EPS for the current year.

Institutional Trading of Sterling Infrastructure

A number of hedge funds and other institutional investors have recently modified their holdings of STRL. Cetera Investment Advisers raised its position in shares of Sterling Infrastructure by 12.4% during the second quarter. Cetera Investment Advisers now owns 12,149 shares of the construction company’s stock worth $1,438,000 after purchasing an additional 1,341 shares during the period. Invst LLC raised its position in shares of Sterling Infrastructure by 60.5% during the second quarter. Invst LLC now owns 5,849 shares of the construction company’s stock worth $671,000 after purchasing an additional 2,205 shares during the period. Creative Planning acquired a new stake in shares of Sterling Infrastructure during the second quarter worth $361,000. Driehaus Capital Management LLC raised its position in shares of Sterling Infrastructure by 11.4% during the second quarter. Driehaus Capital Management LLC now owns 533,606 shares of the construction company’s stock worth $63,147,000 after purchasing an additional 54,727 shares during the period. Finally, Cim Investment Management Inc. acquired a new stake in shares of Sterling Infrastructure during the second quarter worth $278,000. 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.