C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $47.71 Million in Sterling Infrastructure, Inc. (NASDAQ:STRL)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 283,241 shares of the construction company's stock, valued at approximately $47,712,000. Sterling Infrastructure makes up about 2.2% of C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors' portfolio, making the stock its 10th biggest holding. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors owned approximately 0.92% of Sterling Infrastructure as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp raised its position in shares of Sterling Infrastructure by 0.7% in the 3rd quarter. State Street Corp now owns 713,234 shares of the construction company's stock valued at $103,433,000 after purchasing an additional 5,106 shares in the last quarter. Bay Rivers Group acquired a new position in Sterling Infrastructure during the 4th quarter worth $341,000. Park Avenue Securities LLC bought a new stake in shares of Sterling Infrastructure in the 4th quarter worth about $253,000. Allspring Global Investments Holdings LLC raised its stake in shares of Sterling Infrastructure by 7.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company's stock valued at $111,873,000 after purchasing an additional 49,008 shares in the last quarter. Finally, Spire Wealth Management lifted its position in shares of Sterling Infrastructure by 265.1% during the fourth quarter. Spire Wealth Management now owns 8,792 shares of the construction company's stock worth $1,481,000 after purchasing an additional 6,384 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company's stock.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O'brien sold 2,000 shares of the firm's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total value of $351,780.00. Following the sale, the director now directly owns 25,901 shares in the company, valued at approximately $4,555,726.89. This trade represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.70% of the company's stock.

Sterling Infrastructure Stock Performance

STRL stock traded up $2.30 during midday trading on Friday, reaching $132.40. The company had a trading volume of 547,009 shares, compared to its average volume of 506,250. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The stock has a 50 day moving average price of $166.52 and a 200 day moving average price of $154.01. The firm has a market capitalization of $4.07 billion, a PE ratio of 22.36, a P/E/G ratio of 1.53 and a beta of 1.24. Sterling Infrastructure, Inc. has a fifty-two week low of $81.25 and a fifty-two week high of $206.07.

Analyst Ratings Changes

STRL has been the subject of several research analyst reports. StockNews.com lowered Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. William Blair assumed coverage on Sterling Infrastructure in a research report on Friday, January 17th. They set an "outperform" rating on the stock.

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.