Invesco Ltd. Has $127.56 Million Stock Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Invesco Ltd. grew its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 22.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 757,273 shares of the construction company's stock after purchasing an additional 139,081 shares during the quarter. Invesco Ltd. owned about 2.47% of Sterling Infrastructure worth $127,563,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in Sterling Infrastructure in the 4th quarter valued at about $39,000. Huntington National Bank increased its holdings in shares of 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 in the last quarter. National Bank of Canada FI acquired a new position in Sterling Infrastructure during the 4th quarter worth $56,000. Arcadia Investment Management Corp MI acquired a new position in Sterling Infrastructure during the 4th quarter worth $71,000. Finally, Venturi Wealth Management LLC increased 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 valued at $104,000 after buying an additional 575 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. William Blair began coverage on Sterling Infrastructure in a research note on Friday, January 17th. They set an "outperform" rating on the stock. StockNews.com cut shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th. Finally, DA Davidson raised shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price objective on the stock in a research note on Thursday, February 27th.

Sterling Infrastructure Trading Down 0.1 %

NASDAQ:STRL traded down $0.17 during mid-day trading on Friday, hitting $140.27. The company had a trading volume of 1,045,290 shares, compared to its average volume of 478,502. 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, Inc. has a fifty-two week low of $93.50 and a fifty-two week high of $206.07. The firm has a market cap of $4.27 billion, a P/E ratio of 23.69, a P/E/G ratio of 1.28 and a beta of 1.19. The business's fifty day moving average is $124.10 and its two-hundred day moving average is $154.50.

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.