LPL Financial LLC Grows Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

LPL Financial LLC lifted its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 11.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,850 shares of the construction company's stock after purchasing an additional 6,903 shares during the quarter. LPL Financial LLC owned 0.21% of Sterling Infrastructure worth $10,924,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of STRL. Quarry LP raised its holdings in Sterling Infrastructure by 510.7% during the third quarter. Quarry LP now owns 171 shares of the construction company's stock worth $25,000 after buying an additional 143 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Sterling Infrastructure in the 4th quarter worth about $39,000. Arcadia Investment Management Corp MI bought a new position in Sterling Infrastructure in the 4th quarter valued at about $71,000. Venturi Wealth Management LLC boosted its holdings in Sterling Infrastructure by 1,369.0% during 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 last quarter. Finally, IFP Advisors Inc grew its stake in shares of Sterling Infrastructure by 102.8% in the 4th quarter. IFP Advisors Inc now owns 657 shares of the construction company's stock worth $111,000 after acquiring an additional 333 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors.

Sterling Infrastructure Stock Performance

Shares of NASDAQ:STRL traded up $4.73 during trading on Tuesday, hitting $113.83. 1,663,342 shares of the company were exchanged, compared to its average volume of 428,990. Sterling Infrastructure, Inc. has a 52-week low of $93.50 and a 52-week high of $206.07. The stock has a 50 day moving average of $125.33 and a 200 day moving average of $155.12. 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 company has a market cap of $3.46 billion, a PE ratio of 19.23, a P/E/G ratio of 1.28 and a beta of 1.19.

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Analysts Set New Price Targets

A number of equities research analysts have issued reports on STRL shares. DA Davidson raised shares of 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. William Blair began coverage on Sterling Infrastructure in a research note on Friday, January 17th. They set an "outperform" rating for the company. Finally, StockNews.com upgraded Sterling Infrastructure from a "hold" rating to a "buy" rating in a research note on Tuesday, April 1st.

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.