Headlands Technologies LLC Acquires Shares of 3,569 Sterling Infrastructure, Inc. (NASDAQ:STRL)

Headlands Technologies LLC purchased a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,569 shares of the construction company's stock, valued at approximately $601,000.

A number of other large investors also recently added to or reduced their stakes in the company. Quarry LP grew its stake in Sterling Infrastructure by 510.7% during the 3rd quarter. Quarry LP now owns 171 shares of the construction company's stock worth $25,000 after purchasing an additional 143 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Sterling Infrastructure in the 4th quarter valued at $39,000. National Bank of Canada FI acquired a new stake in shares of Sterling Infrastructure during the fourth quarter worth about $56,000. Arcadia Investment Management Corp MI purchased a new position in shares of Sterling Infrastructure in the 4th quarter valued at approximately $71,000. Finally, Venturi Wealth Management LLC lifted its stake in shares of Sterling Infrastructure by 1,369.0% in the 4th quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company's stock worth $104,000 after acquiring an additional 575 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

STRL has been the topic of a number of recent analyst reports. StockNews.com lowered Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Wednesday. William Blair assumed coverage on shares of 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 objective for the company in a research report on Thursday, February 27th.

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Sterling Infrastructure Trading Up 18.2 %

STRL traded up $20.70 on Wednesday, reaching $134.53. 1,854,778 shares of the company's stock were exchanged, compared to its average volume of 435,475. Sterling Infrastructure, Inc. has a twelve month low of $93.50 and a twelve month high of $206.07. The company's 50 day moving average is $124.93 and its 200-day moving average is $154.88. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 1.28 and a beta of 1.19. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29.

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.