Rhumbline Advisers Buys 1,270 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Rhumbline Advisers increased its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 2.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 47,770 shares of the construction company's stock after purchasing an additional 1,270 shares during the quarter. Rhumbline Advisers owned approximately 0.16% of Sterling Infrastructure worth $5,408,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of STRL. Kestra Private Wealth Services LLC bought a new stake in shares of Sterling Infrastructure in the 4th quarter valued at about $614,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Sterling Infrastructure by 7.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company's stock valued at $111,873,000 after purchasing an additional 49,008 shares during the period. Van ECK Associates Corp raised its holdings in shares of Sterling Infrastructure by 36.7% in the 4th quarter. Van ECK Associates Corp now owns 26,512 shares of the construction company's stock valued at $4,466,000 after purchasing an additional 7,111 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Sterling Infrastructure in the 4th quarter valued at about $47,712,000. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Sterling Infrastructure by 6.1% in the 4th quarter. Asset Management One Co. Ltd. now owns 37,671 shares of the construction company's stock valued at $6,499,000 after purchasing an additional 2,156 shares during the period. 80.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Sterling Infrastructure Stock Performance

Sterling Infrastructure stock traded up $6.56 during trading hours on Monday, hitting $209.55. The company had a trading volume of 575,934 shares, compared to its average volume of 505,034. The firm has a market cap of $6.37 billion, a PE ratio of 35.40, a PEG ratio of 1.28 and a beta of 1.37. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. Sterling Infrastructure, Inc. has a one year low of $93.50 and a one year high of $212.05. The firm has a 50-day moving average of $171.62 and a 200 day moving average of $156.98.

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.