Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Acquired by Algert Global LLC

Algert Global LLC grew its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 77.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,260 shares of the construction company's stock after purchasing an additional 20,119 shares during the period. Algert Global LLC owned about 0.15% of Sterling Infrastructure worth $7,792,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in STRL. Bay Rivers Group acquired a new position in shares of Sterling Infrastructure during the fourth quarter worth about $341,000. Convergence Investment Partners LLC increased its position in shares of Sterling Infrastructure by 47.7% in the 4th quarter. Convergence Investment Partners LLC now owns 9,297 shares of the construction company's stock valued at $1,566,000 after purchasing an additional 3,002 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Sterling Infrastructure by 7.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company's stock worth $111,873,000 after purchasing an additional 49,008 shares during the last quarter. Park Avenue Securities LLC purchased a new stake in shares of Sterling Infrastructure during the 4th quarter worth $253,000. Finally, Spire Wealth Management grew its stake in shares of Sterling Infrastructure by 265.1% during the fourth quarter. Spire Wealth Management now owns 8,792 shares of the construction company's stock worth $1,481,000 after purchasing an additional 6,384 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. StockNews.com lowered shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th. William Blair began coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They set 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 price objective for the company in a research note on Thursday, February 27th.

Sterling Infrastructure Stock Performance

NASDAQ STRL traded up $7.70 during trading hours on Wednesday, hitting $179.65. 595,147 shares of the stock were exchanged, compared to its average volume of 497,217. Sterling Infrastructure, Inc. has a 12-month low of $93.50 and a 12-month high of $206.07. The stock has a 50-day moving average of $130.26 and a 200 day moving average of $154.20. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 30.35, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41.

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.