B. Metzler seel. Sohn & Co. AG Invests $2.79 Million in Sterling Infrastructure, Inc. (NASDAQ:STRL)

B. Metzler seel. Sohn & Co. AG 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 and Exchange Commission (SEC). The firm acquired 16,558 shares of the construction company's stock, valued at approximately $2,789,000. B. Metzler seel. Sohn & Co. AG owned about 0.05% of Sterling Infrastructure at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Sterling Infrastructure by 30.0% in the 4th quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company's stock valued at $425,135,000 after purchasing an additional 581,847 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Sterling Infrastructure by 1,088.1% during the 3rd quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company's stock worth $51,561,000 after acquiring an additional 325,620 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Sterling Infrastructure in the 4th quarter worth about $47,712,000. Axiom Investors LLC DE acquired a new position in shares of Sterling Infrastructure in the 4th quarter valued at about $20,373,000. Finally, WCM Investment Management LLC bought a new stake in shares of Sterling Infrastructure during the 4th quarter valued at about $18,019,000. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Stock Performance

Shares of STRL stock traded down $5.00 during trading hours on Friday, hitting $104.96. 1,141,372 shares of the company were exchanged, compared to its average volume of 417,937. Sterling Infrastructure, Inc. has a 52-week low of $93.50 and a 52-week high of $206.07. 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 firm has a fifty day simple moving average of $127.07 and a 200 day simple moving average of $155.78. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 17.73, a P/E/G ratio of 1.28 and a beta of 1.19.

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Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on STRL shares. William Blair assumed coverage on Sterling Infrastructure in a report on Friday, January 17th. They issued an "outperform" rating for the company. StockNews.com raised Sterling Infrastructure from a "hold" rating to a "buy" rating in a research report on Tuesday, April 1st. Finally, DA Davidson raised Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price objective on the stock in a research report on Thursday, February 27th.

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.