Bay Rivers Group Increases Stock Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Bay Rivers Group boosted its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 148.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 5,026 shares of the construction company's stock after purchasing an additional 2,999 shares during the period. Bay Rivers Group's holdings in Sterling Infrastructure were worth $569,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Convergence Investment Partners LLC increased its holdings in Sterling Infrastructure by 47.7% during the fourth quarter. Convergence Investment Partners LLC now owns 9,297 shares of the construction company's stock worth $1,566,000 after buying an additional 3,002 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Sterling Infrastructure by 7.9% during 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 acquiring an additional 49,008 shares during the period. EFG Asset Management North America Corp. increased its stake in shares of Sterling Infrastructure by 58.6% during the 4th quarter. EFG Asset Management North America Corp. now owns 37,015 shares of the construction company's stock worth $6,236,000 after purchasing an additional 13,682 shares during the last quarter. 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 worth $6,499,000 after purchasing an additional 2,156 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Sterling Infrastructure by 13.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,583 shares of the construction company's stock valued at $1,446,000 after purchasing an additional 1,043 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Sterling Infrastructure Stock Performance

NASDAQ:STRL traded up $10.75 on Friday, reaching $205.99. 581,691 shares of the company's stock were exchanged, compared to its average volume of 500,919. The firm has a market cap of $6.26 billion, a price-to-earnings ratio of 34.80, a P/E/G 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. The stock has a fifty day simple moving average of $158.76 and a 200-day simple moving average of $157.08. Sterling Infrastructure, Inc. has a 52 week low of $93.50 and a 52 week high of $207.64.

About Sterling Infrastructure

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.