Congress Asset Management Co. Acquires 32,255 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Congress Asset Management Co. raised its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 6.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 532,198 shares of the construction company's stock after buying an additional 32,255 shares during the quarter. Congress Asset Management Co. owned 1.75% of Sterling Infrastructure worth $60,250,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of STRL. Jennison Associates LLC increased its holdings in Sterling Infrastructure by 22.3% in the 4th quarter. Jennison Associates LLC now owns 5,417 shares of the construction company's stock valued at $912,000 after buying an additional 987 shares during the period. Measured Wealth Private Client Group LLC boosted its stake in shares of Sterling Infrastructure by 42.8% in the 4th quarter. Measured Wealth Private Client Group LLC now owns 2,009 shares of the construction company's stock valued at $338,000 after purchasing an additional 602 shares in the last quarter. WCM Investment Management LLC acquired a new stake in shares of Sterling Infrastructure in the 4th quarter valued at $18,019,000. Kestra Private Wealth Services LLC acquired a new stake in shares of Sterling Infrastructure in the 4th quarter valued at $614,000. Finally, Peterson Wealth Services acquired a new stake in shares of Sterling Infrastructure in the 4th quarter valued at $834,000. Institutional investors own 80.95% of the company's stock.

Analyst Ratings Changes

STRL has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. 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 note on Thursday, February 27th.

Sterling Infrastructure Stock Up 5.5%

Shares of NASDAQ:STRL opened at $205.99 on Friday. Sterling Infrastructure, Inc. has a 52 week low of $93.50 and a 52 week high of $207.01. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The company's fifty day moving average is $160.57 and its 200-day moving average is $157.17. The company has a market capitalization of $6.26 billion, a PE ratio of 34.80, a P/E/G ratio of 1.28 and a beta of 1.37.

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.

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