Capital Research Global Investors Raises Stock Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Capital Research Global Investors increased its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 78.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 574,976 shares of the construction company's stock after purchasing an additional 252,934 shares during the quarter. Capital Research Global Investors owned approximately 1.87% of Sterling Infrastructure worth $96,855,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Trust Advisors LP increased its holdings in shares of Sterling Infrastructure by 74.1% in the fourth quarter. First Trust Advisors LP now owns 356,339 shares of the construction company's stock worth $60,025,000 after purchasing an additional 151,642 shares during the last quarter. Forum Financial Management LP purchased a new position in Sterling Infrastructure during the 4th quarter valued at approximately $224,000. CANADA LIFE ASSURANCE Co increased its stake in Sterling Infrastructure by 4.5% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 8,591 shares of the construction company's stock worth $1,446,000 after acquiring an additional 372 shares during the last quarter. GKV Capital Management Co. Inc. purchased a new stake in shares of Sterling Infrastructure during the 4th quarter worth approximately $354,000. Finally, Zacks Investment Management bought a new position in shares of Sterling Infrastructure during the 4th quarter valued at approximately $1,561,000. Institutional investors own 80.95% of the company's stock.

Sterling Infrastructure Trading Up 3.9 %

Shares of NASDAQ STRL traded up $5.75 during trading hours on Friday, hitting $151.75. 838,973 shares of the company traded hands, compared to its average volume of 489,320. The company's 50 day moving average price is $124.76 and its 200 day moving average price is $154.25. Sterling Infrastructure, Inc. has a 12 month low of $93.50 and a 12 month high of $206.07. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 25.63, a price-to-earnings-growth ratio of 1.28 and a beta of 1.19. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on STRL. DA Davidson upgraded shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price target on the stock in a research report on Thursday, February 27th. StockNews.com downgraded shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. Finally, William Blair initiated coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They issued an "outperform" rating for the company.

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.