Focus Partners Wealth Makes New Investment in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Focus Partners Wealth purchased a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,034 shares of the construction company's stock, valued at approximately $343,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in STRL. SBI Securities Co. Ltd. bought a new position in Sterling Infrastructure in the 4th quarter worth approximately $39,000. 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 bought a new position in Sterling Infrastructure in the 4th quarter worth approximately $56,000. Arcadia Investment Management Corp MI bought a new position in Sterling Infrastructure in the 4th quarter worth approximately $71,000. Finally, Venturi Wealth Management LLC boosted its position 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 valued at $104,000 after acquiring an additional 575 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Sterling Infrastructure Price Performance

Shares of NASDAQ STRL traded up $7.02 during midday trading on Tuesday, reaching $191.42. 654,472 shares of the stock traded hands, compared to its average volume of 500,917. The stock has a market capitalization of $5.82 billion, a PE ratio of 32.33, a P/E/G ratio of 1.28 and a beta of 1.27. The company's 50 day moving average is $149.34 and its 200 day moving average is $156.68. Sterling Infrastructure, Inc. has a one year low of $93.50 and a one year high of $206.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29.

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.