Bryce Point Capital LLC bought a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,337 shares of the construction company's stock, valued at approximately $562,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Huntington National Bank raised its position in Sterling Infrastructure by 34.6% in the fourth quarter. Huntington National Bank now owns 288 shares of the construction company's stock valued at $49,000 after purchasing an additional 74 shares during the period. Kovack Advisors Inc. boosted its stake in Sterling Infrastructure by 3.2% during the fourth quarter. Kovack Advisors Inc. now owns 2,914 shares of the construction company's stock worth $491,000 after buying an additional 91 shares during the period. Willis Investment Counsel increased its position in shares of 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 acquiring an additional 101 shares during the last quarter. Xponance Inc. lifted its holdings in shares of Sterling Infrastructure by 6.5% in the 4th quarter. Xponance Inc. now owns 2,144 shares of the construction company's stock worth $361,000 after acquiring an additional 131 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Sterling Infrastructure by 7.4% in the 4th 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 during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on STRL. StockNews.com raised Sterling Infrastructure from a "hold" rating to a "buy" rating in a research report on Tuesday, April 1st. DA Davidson upgraded Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price objective on the stock in a report on Thursday, February 27th. Finally, William Blair started coverage on Sterling Infrastructure in a research note on Friday, January 17th. They set an "outperform" rating on the stock.
Check Out Our Latest Research Report on Sterling Infrastructure
Sterling Infrastructure Stock Up 6.5 %
STRL stock traded up $7.11 during midday trading on Tuesday, hitting $116.21. The company's stock had a trading volume of 390,978 shares, compared to its average volume of 423,051. The firm has a 50-day simple moving average of $126.39 and a 200-day simple moving average of $155.65. The firm has a market capitalization of $3.53 billion, a P/E ratio of 19.67, a PEG ratio of 1.28 and a beta of 1.19. The company has a quick ratio of 1.29, a current 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.
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.
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