Abacus FCF Advisors LLC purchased a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,128 shares of the construction company's stock, valued at approximately $695,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quarry LP increased its position in Sterling Infrastructure by 510.7% during the 3rd quarter. Quarry LP now owns 171 shares of the construction company's stock valued at $25,000 after buying an additional 143 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Sterling Infrastructure in the 4th quarter worth about $39,000. Huntington National Bank boosted its stake in Sterling Infrastructure by 34.6% in the 4th quarter. Huntington National Bank now owns 288 shares of the construction company's stock worth $49,000 after purchasing an additional 74 shares in the last quarter. National Bank of Canada FI purchased a new stake in Sterling Infrastructure during the 4th quarter valued at about $56,000. Finally, Arcadia Investment Management Corp MI purchased a new position in Sterling Infrastructure in the fourth quarter worth about $71,000. Hedge funds and other institutional investors own 80.95% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. William Blair began coverage on Sterling Infrastructure in a report on Friday, January 17th. They set an "outperform" rating on the stock. Finally, DA Davidson upgraded Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price objective for the company in a report on Thursday, February 27th.
Read Our Latest Research Report on Sterling Infrastructure
Sterling Infrastructure Stock Performance
STRL stock traded down $2.54 during midday trading on Monday, reaching $134.55. 130,571 shares of the company's stock traded hands, compared to its average volume of 439,487. 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 52-week low of $93.50 and a 52-week high of $206.07. The stock has a market cap of $4.09 billion, a P/E ratio of 22.73, a PEG ratio of 1.28 and a beta of 1.19. The stock's 50-day moving average is $124.81 and its 200 day moving average is $154.79.
Sterling Infrastructure Profile
(
Free Report)
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.
Further Reading
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