Sterling Infrastructure, Inc. (NASDAQ:STRL) is 1492 Capital Management LLC’s 4th Largest Position

1492 Capital Management LLC lowered its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 11.4% during the 4th quarter, HoldingsChannel reports. The firm owned 39,603 shares of the construction company’s stock after selling 5,102 shares during the period. Sterling Infrastructure comprises about 3.2% of 1492 Capital Management LLC’s investment portfolio, making the stock its 4th biggest position. 1492 Capital Management LLC’s holdings in Sterling Infrastructure were worth $6,671,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Sterling Infrastructure by 30.0% in the 4th quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company’s stock worth $425,135,000 after buying an additional 581,847 shares in the last quarter. Principal Financial Group Inc. grew its position in Sterling Infrastructure by 1,088.1% in the third quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company’s stock worth $51,561,000 after acquiring an additional 325,620 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Sterling Infrastructure in the fourth quarter worth $47,712,000. Invesco Ltd. increased its stake in Sterling Infrastructure by 22.5% in the fourth quarter. Invesco Ltd. now owns 757,273 shares of the construction company’s stock valued at $127,563,000 after acquiring an additional 139,081 shares during the last quarter. Finally, Axiom Investors LLC DE purchased a new stake in Sterling Infrastructure during the fourth quarter valued at about $20,373,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Stock Down 0.1 %

Shares of NASDAQ:STRL opened at $140.27 on Friday. The stock has a market capitalization of $4.27 billion, a P/E ratio of 23.69, a price-to-earnings-growth ratio of 1.28 and a beta of 1.19. The stock’s 50-day moving average price is $124.10 and its 200-day moving average price is $154.50. 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 12-month low of $93.50 and a 12-month high of $206.07.

Wall Street Analysts Forecast Growth

STRL has been the subject of a number of research reports. DA Davidson upgraded Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a report on Thursday, February 27th. William Blair initiated coverage on Sterling Infrastructure in a research note on Friday, January 17th. They issued an “outperform” rating for the company. Finally, StockNews.com downgraded shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a research note on Wednesday, April 9th.

Sterling Infrastructure Company Profile

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.