RiverPark Advisors LLC Acquires 4,641 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

RiverPark Advisors LLC grew its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 257.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,443 shares of the construction company's stock after acquiring an additional 4,641 shares during the quarter. RiverPark Advisors LLC's holdings in Sterling Infrastructure were worth $1,085,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Harvest Investment Services LLC increased its holdings in shares of Sterling Infrastructure by 143.1% during the fourth quarter. Harvest Investment Services LLC now owns 21,555 shares of the construction company's stock valued at $3,631,000 after acquiring an additional 12,690 shares in the last quarter. TD Waterhouse Canada Inc. bought a new stake in Sterling Infrastructure during the fourth quarter worth $436,000. MetLife Investment Management LLC grew its holdings in Sterling Infrastructure by 4.1% during the fourth quarter. MetLife Investment Management LLC now owns 17,857 shares of the construction company's stock worth $3,008,000 after buying an additional 698 shares in the last quarter. Natixis bought a new stake in Sterling Infrastructure during the fourth quarter worth $5,491,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in Sterling Infrastructure during the fourth quarter worth $540,000. Institutional investors own 80.95% of the company's stock.

Wall Street Analysts Forecast Growth

STRL has been the subject of several recent research 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. StockNews.com downgraded Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. Finally, William Blair initiated coverage on Sterling Infrastructure in a report on Friday, January 17th. They set an "outperform" rating for the company.

Sterling Infrastructure Stock Performance

NASDAQ:STRL traded down $0.70 during trading on Tuesday, reaching $148.87. The company's stock had a trading volume of 136,867 shares, compared to its average volume of 489,580. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 25.13, 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 firm has a 50 day moving average of $125.21 and a 200-day moving average of $154.19. Sterling Infrastructure, Inc. has a 12 month low of $93.50 and a 12 month high of $206.07.

Sterling Infrastructure Company 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.