Convergence Investment Partners LLC Has $1.57 Million Stock Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Convergence Investment Partners LLC grew its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 47.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,297 shares of the construction company's stock after purchasing an additional 3,002 shares during the quarter. Convergence Investment Partners LLC's holdings in Sterling Infrastructure were worth $1,566,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Quarry LP boosted its stake in shares of Sterling Infrastructure by 510.7% during the 3rd quarter. Quarry LP now owns 171 shares of the construction company's stock worth $25,000 after acquiring an additional 143 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Sterling Infrastructure during the 3rd quarter worth approximately $26,000. Huntington National Bank boosted its stake in shares of Sterling Infrastructure by 21,300.0% during the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company's stock worth $31,000 after acquiring an additional 213 shares during the period. Signaturefd LLC boosted its stake in shares of Sterling Infrastructure by 119.3% during the 3rd quarter. Signaturefd LLC now owns 296 shares of the construction company's stock worth $43,000 after acquiring an additional 161 shares during the period. Finally, Private Trust Co. NA bought a new position in shares of Sterling Infrastructure during the 3rd quarter worth approximately $78,000. Institutional investors and hedge funds own 80.95% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. William Blair assumed coverage on Sterling Infrastructure in a research note on Friday, January 17th. They set an "outperform" rating for the company. StockNews.com upgraded Sterling Infrastructure from a "hold" rating to a "buy" rating in a research note on Thursday.

Sterling Infrastructure Stock Performance

STRL traded down $7.98 during trading on Friday, hitting $116.29. The stock had a trading volume of 666,481 shares, compared to its average volume of 508,854. The company has a 50 day moving average price of $160.76 and a 200-day moving average price of $154.31. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 19.64, a P/E/G ratio of 1.31 and a beta of 1.24. Sterling Infrastructure, Inc. has a one year low of $83.40 and a one year high of $206.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29.

Insider Activity at Sterling Infrastructure

In related news, Director Dana C. O'brien sold 2,000 shares of the business's stock in a transaction 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 completion of the sale, the director now directly owns 25,901 shares in the company, valued at $4,555,726.89. The trade was a 7.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.70% of the stock is currently owned by corporate insiders.

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.