Zacks Investment Management Invests $1.56 Million in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Zacks Investment Management acquired a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,268 shares of the construction company's stock, valued at approximately $1,561,000.

Several other large investors also recently added to or reduced their stakes in STRL. Orion Portfolio Solutions LLC purchased a new stake in Sterling Infrastructure in the 3rd quarter worth about $207,000. Barclays PLC boosted its position in shares of Sterling Infrastructure by 254.7% in the third quarter. Barclays PLC now owns 56,945 shares of the construction company's stock valued at $8,259,000 after acquiring an additional 40,891 shares during the period. Invst LLC increased its holdings in Sterling Infrastructure by 17.6% during the 3rd quarter. Invst LLC now owns 6,876 shares of the construction company's stock worth $997,000 after acquiring an additional 1,027 shares during the period. Virtu Financial LLC bought a new position in Sterling Infrastructure in the 3rd quarter valued at $732,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Sterling Infrastructure during the 3rd quarter valued at $488,000. Hedge funds and other institutional investors own 80.95% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on STRL. DA Davidson raised Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price objective for the company in a research note on Thursday, February 27th. William Blair assumed coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an "outperform" rating on the stock. Finally, StockNews.com cut shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th.

Sterling Infrastructure Price Performance

Shares of STRL stock traded up $3.65 during trading hours on Thursday, hitting $143.73. 228,949 shares of the company's stock were exchanged, compared to its average volume of 484,853. The company has a market capitalization of $4.37 billion, a PE ratio of 24.27, a PEG 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. Sterling Infrastructure, Inc. has a 12-month low of $93.50 and a 12-month high of $206.07. The business's 50 day simple moving average is $124.06 and its 200-day simple moving average is $154.26.

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.