Advantage Alpha Capital Partners LP Invests $1.98 Million in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Advantage Alpha Capital Partners LP acquired a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,761 shares of the construction company's stock, valued at approximately $1,981,000.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Sterling Infrastructure by 30.0% during the 4th quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company's stock worth $425,135,000 after acquiring an additional 581,847 shares during the last quarter. Bridge City Capital LLC raised its holdings in Sterling Infrastructure by 8.1% in the 4th quarter. Bridge City Capital LLC now owns 66,303 shares of the construction company's stock worth $11,169,000 after purchasing an additional 4,964 shares during the period. LPL Financial LLC lifted its position in Sterling Infrastructure by 11.9% during the fourth quarter. LPL Financial LLC now owns 64,850 shares of the construction company's stock valued at $10,924,000 after purchasing an additional 6,903 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Sterling Infrastructure during the fourth quarter valued at about $1,061,000. Finally, American Century Companies Inc. increased its position in Sterling Infrastructure by 1.3% in the fourth quarter. American Century Companies Inc. now owns 291,458 shares of the construction company's stock worth $49,096,000 after buying an additional 3,831 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors.

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Sterling Infrastructure Price Performance

Shares of NASDAQ STRL traded down $0.85 during mid-day trading on Friday, reaching $116.15. The company's stock had a trading volume of 594,798 shares, compared to its average volume of 407,082. The stock has a fifty day moving average of $135.10 and a two-hundred day moving average of $155.92. The firm has a market capitalization of $3.55 billion, a PE ratio of 19.62, a P/E/G ratio of 1.28 and a beta of 1.32. Sterling Infrastructure, Inc. has a 52 week low of $93.50 and a 52 week high of $206.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. StockNews.com cut Sterling Infrastructure from a "buy" rating to a "hold" rating in a research report on Monday. William Blair began coverage on shares of Sterling Infrastructure in a research report on Friday, January 17th. They issued an "outperform" rating for the company. Finally, DA Davidson upgraded shares of 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.