14,577 Shares in Sterling Infrastructure, Inc. (NASDAQ:STRL) Bought by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB bought a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 14,577 shares of the construction company's stock, valued at approximately $1,650,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in Sterling Infrastructure in the 4th quarter worth $39,000. Versant Capital Management Inc boosted its stake in Sterling Infrastructure by 355.8% in the 1st quarter. Versant Capital Management Inc now owns 237 shares of the construction company's stock worth $27,000 after purchasing an additional 185 shares during the period. Huntington National Bank boosted 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 worth $49,000 after purchasing an additional 74 shares during the period. National Bank of Canada FI acquired a new position in Sterling Infrastructure in the 4th quarter worth $56,000. Finally, Arcadia Investment Management Corp MI acquired a new position in shares of Sterling Infrastructure during the 4th quarter worth about $71,000. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Trading Up 5.5%

Sterling Infrastructure stock opened at $205.99 on Friday. The firm has a 50-day moving average of $160.57 and a 200-day moving average of $157.17. Sterling Infrastructure, Inc. has a one year low of $93.50 and a one year high of $207.01. 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 cap of $6.26 billion, a price-to-earnings ratio of 34.80, a P/E/G ratio of 1.28 and a beta of 1.37.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented 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 for the company in a research note on Thursday, February 27th. Wall Street Zen upgraded shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd.

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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