Sterling Infrastructure (NASDAQ:STRL) Hits New 52-Week High – What’s Next?

Sterling Infrastructure, Inc. (NASDAQ:STRL) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $409.33 and last traded at $403.35, with a volume of 616073 shares. The stock had previously closed at $379.89.

Analysts Set New Price Targets

STRL has been the subject of a number of recent research reports. Zacks Research raised Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 5th. DA Davidson raised their target price on Sterling Infrastructure from $265.00 to $355.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sterling Infrastructure in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat, Sterling Infrastructure presently has a consensus rating of “Buy” and a consensus target price of $355.00.

Sterling Infrastructure Trading Down 0.3%

The firm has a market capitalization of $11.50 billion, a PE ratio of 41.08, a PEG ratio of 2.98 and a beta of 1.38. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.31. The business has a fifty day moving average price of $335.54 and a two-hundred day moving average price of $258.05.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Monday, June 3rd. The construction company reported $0.64 earnings per share for the quarter. The business had revenue of $403.58 million during the quarter. Sterling Infrastructure had a return on equity of 27.93% and a net margin of 13.33%. Analysts expect that Sterling Infrastructure, Inc. will post 5.98 EPS for the current fiscal year.

Hedge Funds Weigh In On Sterling Infrastructure

A number of hedge funds have recently modified their holdings of STRL. Root Financial Partners LLC purchased a new position in Sterling Infrastructure during the 3rd quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new position in Sterling Infrastructure during the 3rd quarter valued at about $28,000. Bogart Wealth LLC boosted its holdings in Sterling Infrastructure by 535.7% during the 3rd quarter. Bogart Wealth LLC now owns 89 shares of the construction company’s stock valued at $30,000 after acquiring an additional 75 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in Sterling Infrastructure during the 2nd quarter valued at about $26,000. Finally, Ameritas Advisory Services LLC purchased a new position in Sterling Infrastructure during the 2nd quarter valued at about $29,000. 80.95% of the stock is currently owned by hedge funds and other 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.