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

Rhumbline Advisers lifted its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,770 shares of the construction company's stock after buying an additional 1,270 shares during the period. Rhumbline Advisers owned approximately 0.16% of Sterling Infrastructure worth $5,408,000 at the end of the most recent reporting period.

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

Sterling Infrastructure Stock Down 0.7%

Shares of Sterling Infrastructure stock traded down $1.33 during midday trading on Friday, hitting $202.99. The company's stock had a trading volume of 333,770 shares, compared to its average volume of 502,547. The firm has a market capitalization of $6.17 billion, a P/E ratio of 34.29, a PEG ratio of 1.28 and a beta of 1.37. Sterling Infrastructure, Inc. has a 1-year low of $93.50 and a 1-year high of $208.77. 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 stock has a 50-day simple moving average of $167.92 and a 200-day simple moving average of $157.38.

Wall Street Analyst Weigh In

STRL has been the subject of several research reports. DA Davidson upgraded shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price objective for the company in a research report on Thursday, February 27th. Wall Street Zen raised shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd.

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.