Gotham Asset Management LLC Acquires 1,618 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Gotham Asset Management LLC boosted its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 28.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,398 shares of the construction company's stock after acquiring an additional 1,618 shares during the quarter. Gotham Asset Management LLC's holdings in Sterling Infrastructure were worth $1,246,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Focus Partners Wealth bought a new position in Sterling Infrastructure during the fourth quarter valued at about $343,000. Ensign Peak Advisors Inc acquired a new position in shares of Sterling Infrastructure during the 4th quarter valued at about $107,000. Clark Capital Management Group Inc. raised its stake in shares of Sterling Infrastructure by 38.1% in the 4th quarter. Clark Capital Management Group Inc. now owns 68,793 shares of the construction company's stock valued at $11,588,000 after acquiring an additional 18,965 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Sterling Infrastructure by 43.8% in the 4th quarter. Deutsche Bank AG now owns 31,531 shares of the construction company's stock valued at $5,311,000 after acquiring an additional 9,610 shares in the last quarter. Finally, Bridgefront Capital LLC acquired a new stake in Sterling Infrastructure in the 4th quarter worth approximately $407,000. Institutional investors own 80.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. StockNews.com downgraded Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. DA Davidson raised shares of 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 Performance

STRL stock traded down $5.10 during mid-day trading on Wednesday, reaching $182.09. 521,127 shares of the stock traded hands, compared to its average volume of 497,477. The firm has a market capitalization of $5.54 billion, a PE ratio of 30.76, a P/E/G ratio of 1.28 and a beta of 1.27. The business has a 50-day moving average of $143.10 and a two-hundred day moving average of $156.18. Sterling Infrastructure, Inc. has a 52 week low of $93.50 and a 52 week high of $206.07. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41.

Sterling Infrastructure 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.