2024-04-30 17:57:48 ET
Summary
- The shares of Sterling Infrastructure, Inc. have seen huge capital appreciation over the past five years, thanks partly to huge government infrastructure spending.
- The company reported strong earnings for the fourth quarter, but revenue growth is slowing from prior years.
- Potential red flags include insider selling, a downgrade from a Buy to a Neutral by D.A. Davidson, and technical indicators suggesting the stock may be topping out.
- An analysis around Sterling Infrastructure follows in the paragraphs below.
Few stocks or companies have benefited from the massive amounts of taxpayer funds the current administration has allocated to " infrastructure" spending than Sterling Infrastructure, Inc. ( STRL ) whose stock is up some 650% over the past five years. The company also is a beneficiary of the large amount of money going to build data centers, and won another $100 million contract in this space in March....
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For further details see:
Sterling Infrastructure: Losing Some Sizzle