Lisanti Capital Growth LLC Has $3.54 Million Stock Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Lisanti Capital Growth LLC lifted its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 401.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,015 shares of the construction company's stock after purchasing an additional 16,820 shares during the period. Lisanti Capital Growth LLC owned 0.07% of Sterling Infrastructure worth $3,540,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of STRL. Inceptionr LLC acquired a new position in Sterling Infrastructure during the fourth quarter valued at approximately $230,000. Raymond James Financial Inc. bought a new position in Sterling Infrastructure in the 4th quarter worth $16,712,000. Assetmark Inc. raised its holdings in Sterling Infrastructure by 16.1% in the 4th quarter. Assetmark Inc. now owns 1,302 shares of the construction company's stock worth $219,000 after acquiring an additional 181 shares during the period. Cookson Peirce & Co. Inc. lifted its position in Sterling Infrastructure by 55.5% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 8,507 shares of the construction company's stock worth $1,433,000 after acquiring an additional 3,038 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its holdings in Sterling Infrastructure by 385.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 752 shares of the construction company's stock valued at $127,000 after acquiring an additional 597 shares during the period. 80.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Dana C. O'brien sold 2,000 shares of the company's stock in a transaction that occurred 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 represents a 7.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.80% of the company's stock.

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Sterling Infrastructure Stock Performance

Shares of STRL traded up $4.66 on Tuesday, reaching $115.74. 717,668 shares of the stock traded hands, compared to its average volume of 646,730. The stock's 50-day moving average price is $148.78 and its 200-day moving average price is $155.72. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 19.55, a P/E/G ratio of 1.28 and a beta of 1.32. Sterling Infrastructure, Inc. has a 12 month low of $93.50 and a 12 month high of $206.07.

Analyst Upgrades and Downgrades

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

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.