Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. increased its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 21.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 312,313 shares of the construction company's stock after purchasing an additional 55,545 shares during the period. Ameriprise Financial Inc. owned approximately 1.02% of Sterling Infrastructure worth $52,611,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in STRL. Bay Rivers Group purchased a new position in shares of Sterling Infrastructure during the 4th quarter worth approximately $341,000. Convergence Investment Partners LLC raised its position in Sterling Infrastructure by 47.7% in the fourth quarter. Convergence Investment Partners LLC now owns 9,297 shares of the construction company's stock worth $1,566,000 after acquiring an additional 3,002 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Sterling Infrastructure by 7.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company's stock valued at $111,873,000 after acquiring an additional 49,008 shares during the period. Park Avenue Securities LLC purchased a new stake in shares of Sterling Infrastructure during the 4th quarter worth $253,000. Finally, Spire Wealth Management grew its stake in shares of Sterling Infrastructure by 265.1% during the 4th quarter. Spire Wealth Management now owns 8,792 shares of the construction company's stock worth $1,481,000 after purchasing an additional 6,384 shares during the period. Institutional investors and hedge funds own 80.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. William Blair began coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They set an "outperform" rating on the stock. StockNews.com cut Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. Finally, DA Davidson raised Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price objective for the company in a report on Thursday, February 27th.

Sterling Infrastructure Price Performance

Shares of NASDAQ STRL opened at $177.74 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The company's 50-day moving average price is $133.58 and its 200 day moving average price is $154.58. 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 $5.41 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 1.28 and a beta of 1.27.

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.

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