Bridgefront Capital LLC Invests $407,000 in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Bridgefront Capital LLC bought a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,416 shares of the construction company's stock, valued at approximately $407,000.

Several other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Sterling Infrastructure in the fourth quarter worth $39,000. Huntington National Bank lifted its stake in shares of Sterling Infrastructure by 34.6% in the fourth quarter. Huntington National Bank now owns 288 shares of the construction company's stock valued at $49,000 after buying an additional 74 shares during the period. National Bank of Canada FI bought a new position in Sterling Infrastructure during the fourth quarter valued at about $56,000. Arcadia Investment Management Corp MI acquired a new position in Sterling Infrastructure in the 4th quarter valued at approximately $71,000. Finally, Venturi Wealth Management LLC increased its position 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 own 80.95% of the company's stock.

Analyst Ratings Changes

STRL has been the topic of several analyst reports. William Blair started coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They issued an "outperform" rating on the stock. StockNews.com lowered shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th. Finally, DA Davidson raised shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a research note on Thursday, February 27th.

Sterling Infrastructure Price Performance

Shares of STRL traded up $3.72 during mid-day trading on Monday, reaching $181.46. The company had a trading volume of 154,855 shares, compared to its average volume of 495,704. 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 company has a market capitalization of $5.52 billion, a P/E ratio of 30.63, a P/E/G ratio of 1.28 and a beta of 1.27. Sterling Infrastructure, Inc. has a twelve month low of $93.50 and a twelve month high of $206.07. The company's 50-day moving average is $133.58 and its 200-day moving average is $154.59.

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.