Sterling Infrastructure (NASDAQ:STRL) Shares Up 11.6% – Should You Buy?

Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) traded up 11.6% during mid-day trading on Monday. The stock traded as high as $280.00 and last traded at $282.0560. 105,601 shares changed hands during trading, a decline of 84% from the average daily volume of 668,650 shares. The stock had previously closed at $252.82.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Weiss Ratings lowered Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, September 9th. Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. KeyCorp increased their price target on Sterling Infrastructure from $754.00 to $755.00 and gave the stock an “overweight” rating in a research report on Thursday, October 15th. Cantor Fitzgerald reissued an “overweight” rating and issued a $742.00 price objective on shares of Sterling Infrastructure in a report on Thursday, October 29th. Finally, Wall Street Zen upgraded Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Sterling Infrastructure has an average rating of “Moderate Buy” and a consensus target price of $709.14.

Sterling Infrastructure Price Performance

The stock has a market capitalization of $8.83 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 0.54 and a beta of 1.97. The stock’s 50 day moving average is $444.80 and its two-hundred day moving average is $548.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.04 and a current ratio of 1.04.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Wednesday, October 28th. The construction company reported $7.58 EPS for the quarter, topping the consensus estimate of $6.20 by $1.38. Sterling Infrastructure had a return on equity of 45.97% and a net margin of 12.85%. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.19 billion. Sterling Infrastructure’s revenue for the quarter was up 127.0% on a year-over-year basis. On average, equities analysts anticipate that Sterling Infrastructure, Inc. will post 20.96 EPS for the current fiscal year.

Institutional Trading of Sterling Infrastructure

Several large investors have recently made changes to their positions in STRL. State Street Corp lifted its holdings in Sterling Infrastructure by 290.7% in the 2nd quarter. State Street Corp now owns 4,253,073 shares of the construction company’s stock valued at $3,569,859,000 after purchasing an additional 3,164,551 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Sterling Infrastructure during the second quarter worth $2,713,946,000. First Trust Advisors LP raised its position in shares of Sterling Infrastructure by 27.3% in the first quarter. First Trust Advisors LP now owns 877,990 shares of the construction company’s stock valued at $357,579,000 after buying an additional 188,048 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Sterling Infrastructure by 7.5% in the first quarter. Janus Henderson Group PLC now owns 619,145 shares of the construction company’s stock valued at $252,207,000 after buying an additional 43,259 shares during the last quarter. Finally, Jupiter Topco LLC acquired a new stake in shares of Sterling Infrastructure in the second quarter valued at about $395,056,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

About Sterling Infrastructure

Sterling Infrastructure, Inc. (NASDAQ: STRL) is a U.S.-based construction company that delivers infrastructure and building services through its E-Infrastructure Solutions, Transportation Solutions and Building Solutions segments. E-Infrastructure Solutions provides site development and related services for data centers, manufacturing facilities, distribution centers and other large-scale projects. Transportation Solutions builds and improves public infrastructure, including roads and bridges, while Building Solutions focuses on concrete foundations and other construction services for residential and commercial customers.