9,268 Shares in Sterling Infrastructure, Inc. (NASDAQ:STRL) Bought by Zacks Investment Management

Zacks Investment Management bought a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 9,268 shares of the construction company’s stock, valued at approximately $1,561,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Sterling Infrastructure during the 4th quarter valued at about $39,000. Huntington National Bank grew its holdings in Sterling Infrastructure by 34.6% in the 4th quarter. Huntington National Bank now owns 288 shares of the construction company’s stock worth $49,000 after buying an additional 74 shares in the last quarter. National Bank of Canada FI acquired a new stake in Sterling Infrastructure in the 4th quarter valued at approximately $56,000. Arcadia Investment Management Corp MI acquired a new position in Sterling Infrastructure during the 4th quarter worth $71,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of Sterling Infrastructure by 1,369.0% during the fourth quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company’s stock valued at $104,000 after purchasing an additional 575 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on STRL. 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 report on Thursday, February 27th. StockNews.com cut Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Wednesday, April 9th. Finally, William Blair initiated coverage on Sterling Infrastructure in a research note on Friday, January 17th. They set an “outperform” rating for the company.

Sterling Infrastructure Stock Performance

Shares of STRL opened at $140.27 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The firm’s 50 day moving average is $124.01 and its 200-day moving average is $154.49. Sterling Infrastructure, Inc. has a 12-month low of $93.50 and a 12-month high of $206.07. The stock has a market capitalization of $4.27 billion, a P/E ratio of 23.69, a P/E/G ratio of 1.28 and a beta of 1.19.

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.