Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Purchased by Capital Research Global Investors

Capital Research Global Investors grew its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 78.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 574,976 shares of the construction company’s stock after purchasing an additional 252,934 shares during the period. Capital Research Global Investors owned approximately 1.87% of Sterling Infrastructure worth $96,855,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Huntington National Bank lifted its stake in Sterling Infrastructure by 34.6% in the fourth quarter. Huntington National Bank now owns 288 shares of the construction company’s stock worth $49,000 after acquiring an additional 74 shares during the last quarter. Kovack Advisors Inc. lifted its position in shares of Sterling Infrastructure by 3.2% during the 4th 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 last quarter. Willis Investment Counsel grew its stake in shares of Sterling Infrastructure by 1.4% during the fourth quarter. Willis Investment Counsel now owns 7,535 shares of the construction company’s stock worth $1,269,000 after purchasing an additional 101 shares in the last quarter. Xponance Inc. increased its holdings in Sterling Infrastructure by 6.5% in 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 last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Sterling Infrastructure by 7.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,980 shares of the construction company’s stock valued at $334,000 after buying an additional 137 shares in the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Sterling Infrastructure Stock Down 0.1 %

STRL opened at $140.27 on Monday. Sterling Infrastructure, Inc. has a one year low of $93.50 and a one year high of $206.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. 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 business’s 50-day simple moving average is $124.01 and its 200-day simple moving average is $154.61.

Analyst Upgrades and Downgrades

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

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.