Tidal Investments LLC Buys New Stake in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Tidal Investments LLC purchased a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 112,771 shares of the construction company's stock, valued at approximately $18,996,000. Tidal Investments LLC owned 0.37% of Sterling Infrastructure at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of Sterling Infrastructure in the 4th quarter worth approximately $39,000. Huntington National Bank lifted its holdings in shares of Sterling Infrastructure by 34.6% in the 4th quarter. Huntington National Bank now owns 288 shares of the construction company's stock worth $49,000 after acquiring an additional 74 shares during the last quarter. National Bank of Canada FI acquired a new position in shares of Sterling Infrastructure in the 4th quarter worth approximately $56,000. Arcadia Investment Management Corp MI acquired a new position in shares of Sterling Infrastructure in the 4th quarter worth approximately $71,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of 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. Hedge funds and other institutional investors own 80.95% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on STRL. DA Davidson upgraded shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price objective on the stock in a report on Thursday, February 27th. Wall Street Zen upgraded shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a report on Thursday.

Sterling Infrastructure Stock Up 1.2%

Sterling Infrastructure stock traded up $2.11 during mid-day trading on Friday, reaching $184.40. 330,518 shares of the company's stock were exchanged, compared to its average volume of 500,300. The company has a market cap of $5.61 billion, a P/E ratio of 31.15, a P/E/G ratio of 1.28 and a beta of 1.27. Sterling Infrastructure, Inc. has a twelve month low of $93.50 and a twelve month high of $206.07. 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 company has a fifty day moving average of $146.88 and a 200-day moving average of $156.63.

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.