BIP Wealth LLC Invests $8.29 Million in Sterling Infrastructure, Inc. (NASDAQ:STRL)

BIP Wealth LLC purchased a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 49,201 shares of the construction company's stock, valued at approximately $8,288,000. BIP Wealth LLC owned about 0.16% of Sterling Infrastructure at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in Sterling Infrastructure in the 4th quarter valued at $39,000. Huntington National Bank boosted its position 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 acquiring an additional 74 shares during the period. National Bank of Canada FI acquired a new position in shares of Sterling Infrastructure in the fourth quarter valued at about $56,000. Arcadia Investment Management Corp MI bought a new position in Sterling Infrastructure during the fourth quarter worth about $71,000. Finally, Venturi Wealth Management LLC raised its stake in Sterling Infrastructure by 1,369.0% in the 4th quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company's stock worth $104,000 after purchasing an additional 575 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Sterling Infrastructure Stock Performance

Shares of Sterling Infrastructure stock opened at $165.64 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The company has a market cap of $5.04 billion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 1.28 and a beta of 1.19. The company has a 50 day moving average of $128.40 and a 200-day moving average of $154.11. Sterling Infrastructure, Inc. has a 1-year low of $93.50 and a 1-year high of $206.07.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on STRL shares. 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 research report on Thursday, February 27th. StockNews.com lowered Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th. Finally, William Blair assumed coverage on Sterling Infrastructure in a research report on Friday, January 17th. They set an "outperform" rating for the company.

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.

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