State of Wyoming Purchases 2,352 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

State of Wyoming increased its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 476.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,846 shares of the construction company's stock after purchasing 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 quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in shares of Sterling Infrastructure during the fourth quarter valued at $39,000. Huntington National Bank lifted its holdings in shares of Sterling Infrastructure by 34.6% during the fourth quarter. Huntington National Bank now owns 288 shares of the construction company's stock valued at $49,000 after acquiring an additional 74 shares during the period. National Bank of Canada FI bought a new position in shares of Sterling Infrastructure during the fourth quarter valued at $56,000. Arcadia Investment Management Corp MI bought a new position in shares of Sterling Infrastructure during the fourth quarter valued at $71,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Sterling Infrastructure by 1,369.0% during the fourth quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company's stock valued at $104,000 after acquiring an additional 575 shares during the period. 80.95% of the stock is owned by institutional investors.

Sterling Infrastructure Stock Performance

Sterling Infrastructure stock opened at $185.98 on Tuesday. The stock has a 50-day simple moving average of $141.71 and a 200 day simple moving average of $155.96. 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, Inc. has a 12-month low of $93.50 and a 12-month high of $206.07. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 31.42, a P/E/G ratio of 1.28 and a beta of 1.27.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on STRL shares. StockNews.com cut Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. DA Davidson raised Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price objective for the company in a report on Thursday, February 27th.

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.

Want to see what other hedge funds are holding STRL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.