Sterling Infrastructure (NASDAQ:STRL) Coverage Initiated by Analysts at William Blair

William Blair began coverage on shares of Sterling Infrastructure (NASDAQ:STRL) in a research report released on Friday, Marketbeat reports. The brokerage issued an outperform rating on the construction company’s stock.

Sterling Infrastructure Price Performance

Sterling Infrastructure stock opened at $182.51 on Friday. The company has a market cap of $5.60 billion, a P/E ratio of 30.83, a price-to-earnings-growth ratio of 1.69 and a beta of 1.26. Sterling Infrastructure has a one year low of $69.61 and a one year high of $203.49. The business has a fifty day moving average of $181.83 and a two-hundred day moving average of $148.47. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.68 by $0.29. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 27.52%. The firm had revenue of $593.74 million during the quarter, compared to analysts’ expectations of $599.90 million. During the same quarter last year, the business earned $1.26 earnings per share. As a group, analysts predict that Sterling Infrastructure will post 5.96 earnings per share for the current fiscal year.

Insider Activity at Sterling Infrastructure

In related news, Director Dana C. O’brien sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total value of $351,780.00. Following the sale, the director now directly owns 25,901 shares in the company, valued at $4,555,726.89. The trade was a 7.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sterling Infrastructure

Hedge funds have recently added to or reduced their stakes in the business. Mutual Advisors LLC acquired a new stake in shares of Sterling Infrastructure in the fourth quarter valued at approximately $309,000. SG Americas Securities LLC lifted its stake in Sterling Infrastructure by 24.4% in the 4th quarter. SG Americas Securities LLC now owns 5,555 shares of the construction company’s stock valued at $936,000 after buying an additional 1,089 shares in the last quarter. Perpetual Ltd grew its holdings in Sterling Infrastructure by 31.7% during the 4th quarter. Perpetual Ltd now owns 4,375 shares of the construction company’s stock valued at $737,000 after buying an additional 1,054 shares during the last quarter. Koshinski Asset Management Inc. purchased a new position in Sterling Infrastructure during the fourth quarter worth $1,041,000. Finally, Diversify Wealth Management LLC raised its holdings in shares of Sterling Infrastructure by 18.7% in the fourth quarter. Diversify Wealth Management LLC now owns 5,320 shares of the construction company’s stock worth $870,000 after acquiring an additional 838 shares during the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

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.