Clark Capital Management Group Inc. Buys 18,965 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Clark Capital Management Group Inc. boosted its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 38.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,793 shares of the construction company's stock after acquiring an additional 18,965 shares during the quarter. Clark Capital Management Group Inc. owned 0.22% of Sterling Infrastructure worth $11,588,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in Sterling Infrastructure in the 4th quarter valued at $39,000. Huntington National Bank increased its stake in Sterling Infrastructure by 34.6% in the 4th 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 last quarter. National Bank of Canada FI acquired a new stake in Sterling Infrastructure in the 4th quarter valued at $56,000. Arcadia Investment Management Corp MI acquired a new stake in Sterling Infrastructure in the 4th quarter valued at $71,000. Finally, Venturi Wealth Management LLC increased its stake in shares of Sterling Infrastructure by 1,369.0% during 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 during the last quarter. 80.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on STRL. 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. DA Davidson upgraded shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price objective on the stock in a research note on Thursday, February 27th. Finally, StockNews.com lowered shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th.

Sterling Infrastructure Stock Performance

Shares of Sterling Infrastructure stock traded down $1.68 during trading on Friday, hitting $177.74. 495,285 shares of the stock were exchanged, compared to its average volume of 497,006. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 30.02, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. The company has a fifty day moving average price of $133.58 and a 200-day moving average price of $154.59. Sterling Infrastructure, Inc. has a 1-year low of $93.50 and a 1-year high of $206.07. 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 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.