Triumph Capital Management Buys Shares of 2,067 Sterling Infrastructure, Inc. (NASDAQ:STRL)

Triumph Capital Management acquired a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,067 shares of the construction company's stock, valued at approximately $348,000.

Several other institutional investors have also modified their holdings of STRL. SBI Securities Co. Ltd. purchased a new position in Sterling Infrastructure in the 4th quarter valued at about $39,000. Huntington National Bank boosted its stake in shares of Sterling Infrastructure by 34.6% in the fourth quarter. Huntington National Bank now owns 288 shares of the construction company's stock worth $49,000 after acquiring an additional 74 shares during the last quarter. National Bank of Canada FI purchased a new stake in shares of Sterling Infrastructure during the fourth quarter worth approximately $56,000. Arcadia Investment Management Corp MI acquired a new position in Sterling Infrastructure in the 4th quarter valued at $71,000. Finally, Venturi Wealth Management LLC lifted its holdings in Sterling Infrastructure by 1,369.0% in the 4th quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company's stock valued at $104,000 after purchasing an additional 575 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on STRL shares. DA Davidson raised shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price for the company in a 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 assumed coverage on Sterling Infrastructure in a report on Friday, January 17th. They set an "outperform" rating on the stock.

Sterling Infrastructure Trading Up 3.6 %

Shares of STRL traded up $5.68 during mid-day trading on Friday, reaching $165.64. The stock had a trading volume of 723,130 shares, compared to its average volume of 496,445. Sterling Infrastructure, Inc. has a 52-week low of $93.50 and a 52-week high of $206.07. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 27.98, a P/E/G ratio of 1.28 and a beta of 1.19. The business's fifty day moving average is $128.40 and its 200 day moving average is $154.11. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29.

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.