Geode Capital Management LLC Has $120.23 Million Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Geode Capital Management LLC cut its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 713,562 shares of the construction company’s stock after selling 6,418 shares during the period. Geode Capital Management LLC owned approximately 2.32% of Sterling Infrastructure worth $120,227,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Kovack Advisors Inc. boosted its position in Sterling Infrastructure by 3.2% during the fourth quarter. Kovack Advisors Inc. now owns 2,914 shares of the construction company’s stock worth $491,000 after purchasing an additional 91 shares during the period. Willis Investment Counsel raised its holdings in 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 acquiring an additional 101 shares during the period. Xponance Inc. lifted its position in Sterling Infrastructure by 6.5% during the 4th quarter. Xponance Inc. now owns 2,144 shares of the construction company’s stock worth $361,000 after acquiring an additional 131 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Sterling Infrastructure by 7.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,980 shares of the construction company’s stock valued at $334,000 after acquiring an additional 137 shares during the period. Finally, Quarry LP increased its stake in shares of Sterling Infrastructure by 510.7% in the third quarter. Quarry LP now owns 171 shares of the construction company’s stock worth $25,000 after purchasing an additional 143 shares during the period. 80.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on STRL shares. StockNews.com upgraded Sterling Infrastructure from a “hold” rating to a “buy” rating in a research note on Tuesday, April 1st. William Blair initiated coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an “outperform” rating on the stock. Finally, DA Davidson upgraded shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a research note on Thursday, February 27th.

Sterling Infrastructure Price Performance

Shares of Sterling Infrastructure stock opened at $113.83 on Wednesday. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 19.23, a P/E/G ratio of 1.28 and a beta of 1.19. The firm’s 50-day moving average price is $125.33 and its two-hundred day moving average price is $155.12. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. Sterling Infrastructure, Inc. has a 1-year low of $93.50 and a 1-year high of $206.07.

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.