State of Wyoming Has $479,000 Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

State of Wyoming boosted its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 476.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,846 shares of the construction company's stock after acquiring an additional 2,352 shares during the quarter. State of Wyoming's holdings in Sterling Infrastructure were worth $479,000 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. Vanguard Group Inc. raised its position in Sterling Infrastructure by 30.0% during the fourth quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company's stock valued at $425,135,000 after acquiring an additional 581,847 shares in the last quarter. Invesco Ltd. raised its position in Sterling Infrastructure by 22.5% during the fourth quarter. Invesco Ltd. now owns 757,273 shares of the construction company's stock valued at $127,563,000 after acquiring an additional 139,081 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in 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 in the last quarter. Capital Research Global Investors raised its position in shares of Sterling Infrastructure by 78.5% in the fourth quarter. Capital Research Global Investors now owns 574,976 shares of the construction company's stock valued at $96,855,000 after purchasing an additional 252,934 shares during the period. Finally, GW&K Investment Management LLC raised its position in shares of Sterling Infrastructure by 3.4% in the fourth quarter. GW&K Investment Management LLC now owns 363,251 shares of the construction company's stock valued at $61,190,000 after purchasing an additional 12,064 shares during the period. Institutional investors own 80.95% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. DA Davidson raised shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price target on the stock 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 report on Thursday.

Sterling Infrastructure Stock Performance

Shares of NASDAQ:STRL traded up $2.11 during trading on Friday, reaching $184.40. The stock had a trading volume of 330,518 shares, compared to its average volume of 500,300. Sterling Infrastructure, Inc. has a 52 week low of $93.50 and a 52 week high of $206.07. The stock has a fifty day simple moving average of $146.88 and a two-hundred day simple moving average of $156.63. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 31.15, a P/E/G ratio of 1.28 and a beta of 1.27. 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.