Natixis Purchases Shares of 32,600 Sterling Infrastructure, Inc. (NASDAQ:STRL)

Natixis acquired a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 32,600 shares of the construction company's stock, valued at approximately $5,491,000. Natixis owned 0.11% of Sterling Infrastructure at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Sterling Infrastructure by 30.0% in the 4th quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company's stock valued at $425,135,000 after buying an additional 581,847 shares during the period. Principal Financial Group Inc. increased its stake in Sterling Infrastructure by 1,088.1% in the third quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company's stock valued at $51,561,000 after acquiring an additional 325,620 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Sterling Infrastructure during the fourth quarter valued at approximately $47,712,000. Capital Research Global Investors lifted its stake in Sterling Infrastructure by 78.5% during the fourth quarter. Capital Research Global Investors now owns 574,976 shares of the construction company's stock worth $96,855,000 after purchasing an additional 252,934 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Sterling Infrastructure by 74.1% in the 4th quarter. First Trust Advisors LP now owns 356,339 shares of the construction company's stock valued at $60,025,000 after purchasing an additional 151,642 shares in the last quarter. Institutional investors own 80.95% of the company's stock.

Sterling Infrastructure Trading Up 3.9 %

STRL traded up $5.75 during trading on Friday, hitting $151.75. The company's stock had a trading volume of 838,959 shares, compared to its average volume of 488,587. The firm has a market capitalization of $4.62 billion, a P/E ratio of 25.63, a PEG ratio of 1.28 and a beta of 1.19. Sterling Infrastructure, Inc. has a twelve month low of $93.50 and a twelve month high of $206.07. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The stock's fifty day moving average price is $124.33 and its 200-day moving average price is $154.24.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on STRL shares. StockNews.com cut Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. DA Davidson raised shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price for the company in a report on Thursday, February 27th. Finally, William Blair initiated coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They set an "outperform" rating for the company.

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.