Promethos Capital LLC Invests $1.68 Million in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Promethos Capital LLC bought a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,000 shares of the construction company's stock, valued at approximately $1,684,000.

A number of other large investors also recently modified their holdings of STRL. Huntington National Bank increased 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 valued at $49,000 after purchasing an additional 74 shares during the last quarter. Kovack Advisors Inc. grew its holdings in Sterling Infrastructure by 3.2% during the fourth quarter. Kovack Advisors Inc. now owns 2,914 shares of the construction company's stock valued at $491,000 after purchasing an additional 91 shares during the period. Willis Investment Counsel increased its stake in Sterling Infrastructure by 1.4% in the fourth quarter. Willis Investment Counsel now owns 7,535 shares of the construction company's stock valued at $1,269,000 after purchasing an additional 101 shares in the last quarter. Xponance Inc. raised its holdings in Sterling Infrastructure by 6.5% in the fourth quarter. Xponance Inc. now owns 2,144 shares of the construction company's stock worth $361,000 after purchasing an additional 131 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in Sterling Infrastructure by 7.4% during the 4th 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 period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Sterling Infrastructure Stock Down 0.1 %

STRL traded down $0.17 during trading on Friday, reaching $140.27. 1,045,290 shares of the stock were exchanged, compared to its average volume of 479,072. The stock has a market cap of $4.27 billion, a P/E ratio of 23.69, a price-to-earnings-growth ratio of 1.28 and a beta of 1.19. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The stock's 50 day moving average price is $124.01 and its two-hundred day moving average price is $154.49. Sterling Infrastructure, Inc. has a twelve month low of $93.50 and a twelve month high of $206.07.

Wall Street Analyst Weigh In

Several analysts have commented on STRL shares. StockNews.com downgraded shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. 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. Finally, William Blair assumed coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They set an "outperform" rating for the company.

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.