Next Century Growth Investors LLC Has $18.27 Million Stock Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Next Century Growth Investors LLC grew its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 45.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,472 shares of the construction company's stock after buying an additional 33,693 shares during the quarter. Sterling Infrastructure accounts for about 1.4% of Next Century Growth Investors LLC's investment portfolio, making the stock its 22nd biggest holding. Next Century Growth Investors LLC owned about 0.35% of Sterling Infrastructure worth $18,272,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of 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 purchasing an additional 581,847 shares during the period. Invesco Ltd. boosted its stake in shares of Sterling Infrastructure by 22.5% during the 4th quarter. Invesco Ltd. now owns 757,273 shares of the construction company's stock worth $127,563,000 after buying an additional 139,081 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Sterling Infrastructure by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 719,980 shares of the construction company's stock valued at $104,431,000 after acquiring an additional 3,918 shares in the last quarter. State Street Corp increased its position in shares of Sterling Infrastructure by 0.7% in the third quarter. State Street Corp now owns 713,234 shares of the construction company's stock valued at $103,433,000 after acquiring an additional 5,106 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Sterling Infrastructure by 7.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company's stock valued at $111,873,000 after purchasing an additional 49,008 shares during the last quarter. Institutional investors own 80.95% of the company's stock.

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Analyst Ratings Changes

STRL has been the topic of a number of analyst reports. StockNews.com cut Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th. William Blair started coverage on shares of Sterling Infrastructure in a research report on Friday, January 17th. They issued an "outperform" rating for the company. Finally, DA Davidson raised shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a report on Thursday, February 27th.

Sterling Infrastructure Stock Performance

STRL traded down $0.56 during trading hours on Wednesday, reaching $140.44. The company's stock had a trading volume of 7,646,019 shares, compared to its average volume of 474,902. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The company's 50-day moving average is $124.49 and its 200-day moving average is $154.63. Sterling Infrastructure, Inc. has a 52 week low of $93.50 and a 52 week high of $206.07. The firm has a market cap of $4.27 billion, a PE ratio of 23.72, a price-to-earnings-growth ratio of 1.28 and a beta of 1.19.

About Sterling Infrastructure

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.