Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Purchased by Captrust Financial Advisors

Captrust Financial Advisors boosted its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 18.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,170 shares of the construction company's stock after purchasing an additional 4,491 shares during the period. Captrust Financial Advisors owned approximately 0.09% of Sterling Infrastructure worth $4,914,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. BIP Wealth LLC acquired a new stake in shares of Sterling Infrastructure during the 4th quarter worth about $8,288,000. Ameriprise Financial Inc. increased its position in shares of Sterling Infrastructure by 21.6% during the fourth quarter. Ameriprise Financial Inc. now owns 312,313 shares of the construction company's stock valued at $52,611,000 after acquiring an additional 55,545 shares during the last quarter. Algert Global LLC increased its position in shares of Sterling Infrastructure by 77.0% during the fourth quarter. Algert Global LLC now owns 46,260 shares of the construction company's stock valued at $7,792,000 after acquiring an additional 20,119 shares during the last quarter. AXA S.A. raised its stake in shares of Sterling Infrastructure by 93.4% in the 4th quarter. AXA S.A. now owns 11,228 shares of the construction company's stock valued at $1,891,000 after acquiring an additional 5,422 shares during the period. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of Sterling Infrastructure during the 4th quarter worth approximately $237,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Sterling Infrastructure Stock Performance

NASDAQ:STRL opened at $177.74 on Friday. Sterling Infrastructure, Inc. has a 52 week low of $93.50 and a 52 week high of $206.07. The company has a fifty day simple moving average of $133.58 and a two-hundred day simple moving average of $154.60. 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 has a market cap of $5.41 billion, a price-to-earnings ratio of 30.02, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27.

Analysts Set New Price Targets

A number of analysts have issued reports on STRL shares. William Blair assumed coverage on Sterling Infrastructure in a research report on Friday, January 17th. They issued an "outperform" rating on the stock. DA Davidson raised Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a research note on Thursday, February 27th. Finally, StockNews.com downgraded Sterling Infrastructure from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th.

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.

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