Man Group plc lifted its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 74.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,678 shares of the construction company's stock after acquiring an additional 15,187 shares during the quarter. Man Group plc owned 0.12% of Sterling Infrastructure worth $6,010,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in Sterling Infrastructure in the 4th quarter valued at about $39,000. Huntington National Bank lifted 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 valued at $49,000 after buying an additional 74 shares in the last quarter. National Bank of Canada FI purchased a new position in Sterling Infrastructure in the 4th quarter valued at about $56,000. Arcadia Investment Management Corp MI purchased a new position in Sterling Infrastructure in the 4th quarter valued at about $71,000. Finally, Venturi Wealth Management LLC lifted its stake in Sterling Infrastructure by 1,369.0% in the 4th quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company's stock valued at $104,000 after buying an additional 575 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.
Sterling Infrastructure Price Performance
STRL traded up $2.11 during trading on Friday, reaching $184.40. The company's stock had a trading volume of 330,518 shares, compared to its average volume of 499,360. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The firm has a fifty day simple moving average of $146.88 and a two-hundred day simple moving average of $156.76. Sterling Infrastructure, Inc. has a 1 year low of $93.50 and a 1 year high of $206.07. The company has a market cap of $5.61 billion, a price-to-earnings ratio of 31.15, a PEG ratio of 1.28 and a beta of 1.27.
Analysts Set New Price Targets
A number of brokerages recently weighed in on STRL. Wall Street Zen raised shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a research note on Thursday. DA Davidson raised 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.
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About Sterling Infrastructure
(
Free Report)
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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