Advisory Alpha LLC Buys New Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Advisory Alpha LLC bought a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,076 shares of the construction company's stock, valued at approximately $235,000.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Sterling Infrastructure by 30.0% during the fourth quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company's stock worth $425,135,000 after purchasing an additional 581,847 shares during the period. Invesco Ltd. grew its stake in Sterling Infrastructure by 22.5% in the fourth quarter. Invesco Ltd. now owns 757,273 shares of the construction company's stock valued at $127,563,000 after acquiring an additional 139,081 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Sterling Infrastructure by 7.9% during the fourth 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 in the last quarter. Capital Research Global Investors increased its holdings in shares of Sterling Infrastructure by 78.5% during the fourth quarter. Capital Research Global Investors now owns 574,976 shares of the construction company's stock valued at $96,855,000 after acquiring an additional 252,934 shares in the last quarter. Finally, GW&K Investment Management LLC increased its holdings in shares of Sterling Infrastructure by 3.4% during the fourth quarter. GW&K Investment Management LLC now owns 363,251 shares of the construction company's stock valued at $61,190,000 after acquiring an additional 12,064 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on STRL shares. Wall Street Zen upgraded Sterling Infrastructure from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. DA Davidson upgraded Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price objective for the company in a report on Thursday, February 27th.

Sterling Infrastructure Stock Up 0.7%

Shares of NASDAQ:STRL traded up $1.43 during mid-day trading on Thursday, hitting $195.24. 354,601 shares of the company traded hands, compared to its average volume of 500,596. The stock has a market cap of $5.94 billion, a P/E ratio of 32.98, a P/E/G ratio of 1.28 and a beta of 1.37. 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 12-month low of $93.50 and a 12-month high of $206.07. The stock has a 50-day moving average price of $158.76 and a two-hundred day moving average price of $157.08.

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.