GW&K Investment Management LLC Has $61.19 Million Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

GW&K Investment Management LLC lifted its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 363,251 shares of the construction company's stock after purchasing an additional 12,064 shares during the quarter. GW&K Investment Management LLC owned approximately 1.18% of Sterling Infrastructure worth $61,190,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. 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 buying an additional 143 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Sterling Infrastructure during the third quarter worth about $26,000. Huntington National Bank grew its stake 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 during the last quarter. Signaturefd LLC increased its holdings in shares of Sterling Infrastructure by 119.3% during the third quarter. Signaturefd LLC now owns 296 shares of the construction company's stock worth $43,000 after buying an additional 161 shares in the last quarter. Finally, Arcadia Investment Management Corp MI bought a new position in shares of Sterling Infrastructure in the fourth quarter valued at approximately $71,000. 80.95% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of equities research analysts recently commented on STRL shares. William Blair assumed coverage on Sterling Infrastructure in a research report on Friday, January 17th. They set an "outperform" rating on the stock. DA Davidson upgraded Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a report on Thursday, February 27th. Finally, StockNews.com raised Sterling Infrastructure from a "hold" rating to a "buy" rating in a report on Thursday, February 20th.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O'brien sold 2,000 shares of the stock in a transaction on Wednesday, December 18th. The shares were 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 document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.70% of the company's stock.

Sterling Infrastructure Trading Up 0.6 %

Shares of NASDAQ:STRL traded up $0.71 during midday trading on Tuesday, hitting $122.28. The company had a trading volume of 800,775 shares, compared to its average volume of 626,965. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 1.28 and a beta of 1.24. Sterling Infrastructure, Inc. has a 12 month low of $93.50 and a 12 month high of $206.07. The firm has a fifty day simple moving average of $154.16 and a 200 day simple moving average of $155.47. 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.