Globeflex Capital L P Has $870,000 Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Globeflex Capital L P boosted its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 72.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,165 shares of the construction company's stock after buying an additional 2,174 shares during the quarter. Globeflex Capital L P's holdings in Sterling Infrastructure were worth $870,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Quarry LP grew 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 worth $25,000 after purchasing an additional 143 shares during the last quarter. Huntington National Bank boosted its holdings in Sterling Infrastructure by 21,300.0% during the third quarter. Huntington National Bank now owns 214 shares of the construction company's stock worth $31,000 after buying an additional 213 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Sterling Infrastructure in the fourth quarter valued at $39,000. Arcadia Investment Management Corp MI bought a new position in shares of Sterling Infrastructure in the fourth quarter valued at $71,000. Finally, Private Trust Co. NA acquired a new stake in shares of Sterling Infrastructure during the 3rd quarter valued at $78,000. 80.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on STRL shares. DA Davidson raised Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a research report on Thursday, February 27th. William Blair started coverage on Sterling Infrastructure in a report on Friday, January 17th. They set an "outperform" rating on the stock. Finally, StockNews.com upgraded shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a report on Thursday, March 6th.

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Sterling Infrastructure Stock Up 7.3 %

NASDAQ:STRL traded up $8.65 during trading hours on Wednesday, hitting $126.69. 556,225 shares of the stock traded hands, compared to its average volume of 391,463. The firm has a 50 day moving average price of $142.42 and a 200 day moving average price of $155.73. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 21.40, a PEG ratio of 1.28 and a beta of 1.32. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two week high of $206.07. 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 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.