Sterling Infrastructure, Inc. (NASDAQ:STRL) Short Interest Up 26.8% in February

Sterling Infrastructure, Inc. (NASDAQ:STRL) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 1,750,000 shares, an increase of 26.8% from the February 13th total of 1,380,000 shares. Approximately 5.9% of the company’s shares are short sold. Based on an average trading volume of 562,800 shares, the short-interest ratio is presently 3.1 days.

Analyst Ratings Changes

STRL has been the subject of several analyst reports. StockNews.com raised Sterling Infrastructure from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. DA Davidson raised Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a research report on Thursday, February 27th. Finally, William Blair initiated coverage on Sterling Infrastructure in a research report on Friday, January 17th. They issued an “outperform” rating for the company.

Insider Buying and Selling at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total transaction of $351,780.00. Following the completion of the sale, the director now owns 25,901 shares of the company’s stock, valued at approximately $4,555,726.89. The trade was a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is owned by company insiders.

Institutional Trading of Sterling Infrastructure

Several institutional investors and hedge funds have recently bought and sold shares of STRL. Assetmark Inc. raised its stake in Sterling Infrastructure by 357.6% during the third quarter. Assetmark Inc. now owns 1,121 shares of the construction company’s stock valued at $163,000 after buying an additional 876 shares in the last quarter. Atria Investments Inc raised its stake in Sterling Infrastructure by 10.7% during the third quarter. Atria Investments Inc now owns 6,594 shares of the construction company’s stock valued at $956,000 after buying an additional 636 shares in the last quarter. Victory Capital Management Inc. raised its stake in Sterling Infrastructure by 8.5% during the third quarter. Victory Capital Management Inc. now owns 59,861 shares of the construction company’s stock valued at $8,681,000 after buying an additional 4,707 shares in the last quarter. KBC Group NV raised its stake in Sterling Infrastructure by 29.0% during the third quarter. KBC Group NV now owns 993 shares of the construction company’s stock valued at $144,000 after buying an additional 223 shares in the last quarter. Finally, Huntington National Bank raised its stake in Sterling Infrastructure by 21,300.0% during the third quarter. Huntington National Bank now owns 214 shares of the construction company’s stock valued at $31,000 after buying an additional 213 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Stock Down 1.1 %

Shares of NASDAQ:STRL traded down $1.30 during trading on Tuesday, hitting $119.20. The company’s stock had a trading volume of 119,394 shares, compared to its average volume of 389,748. 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 has a fifty-two week low of $93.50 and a fifty-two week high of $206.07. The stock’s 50-day moving average price is $143.41 and its two-hundred day moving average price is $155.74. The company has a market capitalization of $3.65 billion, a PE ratio of 20.12, a PEG ratio of 1.28 and a beta of 1.32.

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.