Sterling Infrastructure (NASDAQ:STRL) Shares Gap Down – What’s Next?

Sterling Infrastructure, Inc. (NASDAQ:STRL)’s share price gapped down before the market opened on Monday . The stock had previously closed at $121.37, but opened at $115.94. Sterling Infrastructure shares last traded at $117.79, with a volume of 56,937 shares trading hands.

Analyst Ratings Changes

A number of brokerages recently commented on STRL. William Blair began coverage on Sterling Infrastructure in a research note on Friday, January 17th. They set an “outperform” rating for the company. DA Davidson raised Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a research note on Thursday, February 27th. Finally, StockNews.com raised Sterling Infrastructure from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th.

Sterling Infrastructure Price Performance

The firm has a market capitalization of $3.61 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32. The firm has a 50 day moving average price of $142.42 and a 200-day moving average price of $155.73. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41.

Institutional Investors Weigh In On Sterling Infrastructure

Institutional investors and hedge funds have recently modified their holdings of the business. Huntington National Bank boosted its holdings in shares of Sterling Infrastructure by 34.6% in the fourth quarter. Huntington National Bank now owns 288 shares of the construction company’s stock valued at $49,000 after purchasing an additional 74 shares during the period. Kovack Advisors Inc. raised its position in Sterling Infrastructure by 3.2% during the 4th quarter. Kovack Advisors Inc. now owns 2,914 shares of the construction company’s stock valued at $491,000 after purchasing an additional 91 shares in the last quarter. Willis Investment Counsel lifted its holdings in shares of Sterling Infrastructure by 1.4% in the 4th quarter. Willis Investment Counsel now owns 7,535 shares of the construction company’s stock worth $1,269,000 after buying an additional 101 shares during the period. JT Stratford LLC grew its position in shares of Sterling Infrastructure by 1.0% during the 4th quarter. JT Stratford LLC now owns 12,465 shares of the construction company’s stock worth $2,100,000 after buying an additional 121 shares in the last quarter. Finally, Xponance Inc. increased its stake in shares of Sterling Infrastructure by 6.5% during the fourth quarter. Xponance Inc. now owns 2,144 shares of the construction company’s stock valued at $361,000 after buying an additional 131 shares during the period. 80.95% of the stock is owned by 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.