112,771 Shares in Sterling Infrastructure, Inc. (NASDAQ:STRL) Acquired by Tidal Investments LLC

Tidal Investments LLC acquired a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 112,771 shares of the construction company's stock, valued at approximately $18,996,000. Tidal Investments LLC owned approximately 0.37% of Sterling Infrastructure as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Barclays PLC grew its stake in Sterling Infrastructure by 254.7% in the third quarter. Barclays PLC now owns 56,945 shares of the construction company's stock valued at $8,259,000 after acquiring an additional 40,891 shares during the period. Park Avenue Securities LLC purchased a new stake in Sterling Infrastructure in the fourth quarter valued at approximately $253,000. Diversify Wealth Management LLC increased its position in shares of Sterling Infrastructure by 18.7% during the 4th quarter. Diversify Wealth Management LLC now owns 5,320 shares of the construction company's stock valued at $870,000 after purchasing an additional 838 shares during the last quarter. Koshinski Asset Management Inc. bought a new stake in shares of Sterling Infrastructure in the 4th quarter valued at about $1,041,000. Finally, Perpetual Ltd increased its stake in shares of Sterling Infrastructure by 31.7% during the fourth quarter. Perpetual Ltd now owns 4,375 shares of the construction company's stock valued at $737,000 after buying an additional 1,054 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Sterling Infrastructure Stock Up 0.1%

Shares of Sterling Infrastructure stock traded up $0.20 on Thursday, reaching $182.29. 513,988 shares of the company were exchanged, compared to its average volume of 498,442. Sterling Infrastructure, Inc. has a 1-year low of $93.50 and a 1-year high of $206.07. The company has a market cap of $5.54 billion, a P/E ratio of 30.79, 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 current ratio of 1.29 and a quick ratio of 1.29. The stock's 50 day moving average price is $145.55 and its 200-day moving average price is $156.57.

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.