Axiom Investors LLC DE Makes New Investment in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Axiom Investors LLC DE bought a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 120,945 shares of the construction company's stock, valued at approximately $20,373,000. Axiom Investors LLC DE owned 0.39% of Sterling Infrastructure as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Kovack Advisors Inc. grew its holdings in shares of Sterling Infrastructure by 3.2% during the 4th quarter. Kovack Advisors Inc. now owns 2,914 shares of the construction company's stock worth $491,000 after purchasing an additional 91 shares during the period. Willis Investment Counsel lifted its position in Sterling Infrastructure by 1.4% during the fourth quarter. Willis Investment Counsel now owns 7,535 shares of the construction company's stock valued at $1,269,000 after buying an additional 101 shares in the last quarter. Xponance Inc. grew its stake in Sterling Infrastructure by 6.5% during the fourth quarter. Xponance Inc. now owns 2,144 shares of the construction company's stock worth $361,000 after buying an additional 131 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Sterling Infrastructure by 7.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,980 shares of the construction company's stock worth $334,000 after acquiring an additional 137 shares in the last quarter. Finally, Quarry LP raised its stake in shares of Sterling Infrastructure by 510.7% in the 3rd quarter. Quarry LP now owns 171 shares of the construction company's stock valued at $25,000 after acquiring an additional 143 shares during the period. Hedge funds and other institutional investors own 80.95% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages recently issued reports on STRL. StockNews.com upgraded Sterling Infrastructure from a "hold" rating to a "buy" rating in a report on Tuesday. William Blair assumed coverage on Sterling Infrastructure in a research note on Friday, January 17th. They issued an "outperform" rating for the company. Finally, DA Davidson raised Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price target on the stock in a research report on Thursday, February 27th.

Sterling Infrastructure Stock Down 6.9 %

Sterling Infrastructure stock traded down $8.21 during midday trading on Thursday, hitting $110.25. 527,116 shares of the stock were exchanged, compared to its average volume of 623,478. Sterling Infrastructure, Inc. has a 1 year low of $93.50 and a 1 year 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. The firm has a market cap of $3.35 billion, a P/E ratio of 18.66, a P/E/G ratio of 1.28 and a beta of 1.32. The company has a 50 day moving average price of $130.45 and a two-hundred day moving average price of $156.09.

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.