Barclays PLC Purchases 5,178 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Barclays PLC grew its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 9.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 62,123 shares of the construction company's stock after purchasing an additional 5,178 shares during the quarter. Barclays PLC owned approximately 0.20% of Sterling Infrastructure worth $10,465,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of STRL. Bay Rivers Group acquired a new stake in shares of Sterling Infrastructure in the 4th quarter valued at approximately $341,000. Convergence Investment Partners LLC raised 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 acquiring an additional 3,002 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Sterling Infrastructure by 7.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company's stock valued at $111,873,000 after acquiring an additional 49,008 shares during the period. Park Avenue Securities LLC acquired a new stake in shares of Sterling Infrastructure in the 4th quarter valued at approximately $253,000. Finally, Spire Wealth Management raised its position in shares of Sterling Infrastructure by 265.1% in the 4th quarter. Spire Wealth Management now owns 8,792 shares of the construction company's stock valued at $1,481,000 after acquiring an additional 6,384 shares during the period. Institutional investors own 80.95% of the company's stock.

Sterling Infrastructure Stock Down 1.4 %

Shares of NASDAQ STRL traded down $2.19 during midday trading on Monday, reaching $149.56. The company's stock had a trading volume of 687,073 shares, compared to its average volume of 490,928. 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 fifty-two week low of $93.50 and a fifty-two week high of $206.07. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 1.28 and a beta of 1.19. The stock has a 50 day simple moving average of $125.21 and a 200-day simple moving average of $154.19.

Analyst Ratings Changes

Several analysts have commented on the stock. DA Davidson upgraded shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a report on Thursday, February 27th. StockNews.com downgraded shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. Finally, William Blair assumed coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They set an "outperform" rating on the stock.

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.