Northern Trust Corp Acquires 15,961 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Northern Trust Corp increased its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 341,049 shares of the construction company's stock after purchasing an additional 15,961 shares during the period. Northern Trust Corp owned 1.11% of Sterling Infrastructure worth $57,450,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Sterling Infrastructure in the 4th quarter worth about $39,000. Huntington National Bank grew its holdings in Sterling Infrastructure by 34.6% in 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. National Bank of Canada FI bought a new position in shares of Sterling Infrastructure during the fourth quarter valued at approximately $56,000. Arcadia Investment Management Corp MI purchased a new position in shares of Sterling Infrastructure during the fourth quarter valued at approximately $71,000. Finally, Venturi Wealth Management LLC boosted its position 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 purchasing an additional 575 shares in the last quarter. Institutional investors own 80.95% of the company's stock.

Analyst Ratings Changes

STRL has been the subject of several analyst reports. 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 report on Thursday, February 27th. William Blair initiated coverage on Sterling Infrastructure in a research report on Friday, January 17th. They issued an "outperform" rating on the stock. Finally, StockNews.com cut Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th.

Sterling Infrastructure Stock Performance

STRL traded down $1.68 during mid-day trading on Friday, reaching $177.74. 495,285 shares of the company traded hands, compared to its average volume of 496,615. The stock has a market capitalization of $5.41 billion, a P/E ratio of 30.02, a P/E/G ratio of 1.28 and a beta of 1.27. Sterling Infrastructure, Inc. has a 52-week low of $93.50 and a 52-week 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's fifty day moving average price is $132.47 and its 200-day moving average price is $154.48.

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.