Sterling Infrastructure (NASDAQ:STRL) Downgraded by StockNews.com to “Hold”

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

Sterling Infrastructure Stock Performance

Shares of STRL opened at $130.35 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44. The firm’s fifty day simple moving average is $114.73 and its two-hundred day simple moving average is $113.88. Sterling Infrastructure has a 12 month low of $55.45 and a 12 month high of $137.63. The stock has a market capitalization of $4.02 billion, a P/E ratio of 27.10, a price-to-earnings-growth ratio of 1.38 and a beta of 1.16.

Sterling Infrastructure (NASDAQ:STRL) last announced its earnings results on Monday, August 5th. The construction company reported $1.67 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $553.70 million. During the same quarter in the prior year, the company earned $1.27 EPS. As a group, analysts predict that Sterling Infrastructure will post 5.66 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Sterling Infrastructure by 60.6% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 53,000 shares of the construction company’s stock worth $4,660,000 after buying an additional 20,000 shares during the period. Nordea Investment Management AB boosted its holdings in Sterling Infrastructure by 47.1% during the 1st quarter. Nordea Investment Management AB now owns 50,420 shares of the construction company’s stock worth $5,651,000 after acquiring an additional 16,142 shares during the last quarter. Inspire Investing LLC bought a new stake in shares of Sterling Infrastructure in the 1st quarter worth $449,000. Principal Financial Group Inc. raised its holdings in shares of Sterling Infrastructure by 49.8% in the first quarter. Principal Financial Group Inc. now owns 26,038 shares of the construction company’s stock valued at $2,872,000 after purchasing an additional 8,657 shares during the last quarter. Finally, Robeco Schweiz AG bought a new position in shares of Sterling Infrastructure during the second quarter valued at about $1,420,000. 80.95% of the stock is 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.