MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stake in Sterling Infrastructure, Inc. (NASDAQ:STRL)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 335,186 shares of the construction company's stock after purchasing an additional 17,768 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 1.09% of Sterling Infrastructure worth $56,462,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Huntington National Bank increased 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 worth $49,000 after purchasing an additional 74 shares during the period. Kovack Advisors Inc. grew its stake in shares of Sterling Infrastructure by 3.2% during the fourth quarter. Kovack Advisors Inc. now owns 2,914 shares of the construction company's stock worth $491,000 after buying an additional 91 shares during the last quarter. Willis Investment Counsel grew its stake in shares of Sterling Infrastructure by 1.4% during the fourth quarter. Willis Investment Counsel now owns 7,535 shares of the construction company's stock worth $1,269,000 after buying an additional 101 shares during the last quarter. Xponance Inc. grew its stake in shares of Sterling Infrastructure by 6.5% during the fourth quarter. Xponance Inc. now owns 2,144 shares of the construction company's stock worth $361,000 after buying an additional 131 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Sterling Infrastructure by 7.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,980 shares of the construction company's stock worth $334,000 after buying an additional 137 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. William Blair assumed coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They set an "outperform" rating on the stock. DA Davidson raised shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a research note on Thursday, February 27th. Finally, StockNews.com cut shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th.

Sterling Infrastructure Trading Up 2.0%

Shares of Sterling Infrastructure stock traded up $3.78 during trading on Friday, hitting $188.57. The company's stock had a trading volume of 296,151 shares, compared to its average volume of 496,245. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. Sterling Infrastructure, Inc. has a 52 week low of $93.50 and a 52 week high of $206.07. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of 31.85, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. The stock has a 50-day moving average price of $140.32 and a two-hundred day moving average price of $155.71.

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.