Natixis Buys New Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Natixis acquired a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 32,600 shares of the construction company's stock, valued at approximately $5,491,000. Natixis owned approximately 0.11% of Sterling Infrastructure at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in STRL. Barclays PLC boosted its stake in Sterling Infrastructure by 254.7% during the third quarter. Barclays PLC now owns 56,945 shares of the construction company's stock worth $8,259,000 after buying an additional 40,891 shares during the last quarter. Invst LLC grew its position in Sterling Infrastructure by 17.6% in the third quarter. Invst LLC now owns 6,876 shares of the construction company's stock worth $997,000 after acquiring an additional 1,027 shares during the period. Virtu Financial LLC acquired a new stake in Sterling Infrastructure during the third quarter worth $732,000. Sanctuary Advisors LLC acquired a new position in shares of Sterling Infrastructure in the 3rd quarter valued at $488,000. Finally, World Investment Advisors LLC purchased a new position in shares of Sterling Infrastructure during the 3rd quarter worth $4,395,000. 80.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

STRL has been the subject of several recent research reports. William Blair started coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an "outperform" rating for the company. StockNews.com lowered Sterling Infrastructure from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th. Finally, DA Davidson raised Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price for the company in a research note on Thursday, February 27th.

Sterling Infrastructure Stock Up 3.9 %

STRL traded up $5.75 on Friday, reaching $151.75. The company's stock had a trading volume of 838,973 shares, compared to its average volume of 489,320. 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 fifty-two week low of $93.50 and a fifty-two week high of $206.07. The stock has a 50 day moving average of $124.76 and a two-hundred day moving average of $154.25. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of 25.63, a P/E/G ratio of 1.28 and a beta of 1.19.

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.