Silvercrest Asset Management Group LLC Raises Stock Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Silvercrest Asset Management Group LLC increased its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 33.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,545 shares of the construction company's stock after purchasing an additional 16,052 shares during the quarter. Silvercrest Asset Management Group LLC owned 0.21% of Sterling Infrastructure worth $10,873,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in Sterling Infrastructure in the fourth quarter valued at approximately $39,000. Huntington National Bank raised its holdings in Sterling Infrastructure by 34.6% during 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 during the last quarter. National Bank of Canada FI bought a new stake in Sterling Infrastructure during the 4th quarter valued at $56,000. Arcadia Investment Management Corp MI purchased a new stake in Sterling Infrastructure during the 4th quarter valued at $71,000. Finally, Venturi Wealth Management LLC grew its holdings 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 worth $104,000 after acquiring an additional 575 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

Sterling Infrastructure Trading Up 0.6%

Shares of Sterling Infrastructure stock traded up $1.13 during midday trading on Friday, reaching $183.42. 75,174 shares of the company's stock traded hands, compared to its average volume of 742,635. The stock has a 50 day moving average of $145.55 and a 200-day moving average of $156.57. Sterling Infrastructure, Inc. has a 12 month low of $93.50 and a 12 month high of $206.07. The company has a market cap of $5.58 billion, a PE ratio of 30.98, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29.

Wall Street Analyst Weigh In

Several brokerages have recently commented on STRL. 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 research note on Thursday, February 27th. Wall Street Zen upgraded Sterling Infrastructure from a "hold" rating to a "buy" rating in a report on Thursday.

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.