Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Acquired by Alliancebernstein L.P.

Alliancebernstein L.P. lifted its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 38.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 44,470 shares of the construction company's stock after buying an additional 12,320 shares during the period. Alliancebernstein L.P. owned 0.14% of Sterling Infrastructure worth $7,491,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STRL. Quarry LP increased its holdings 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 buying an additional 143 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Sterling Infrastructure during the fourth quarter worth about $39,000. Arcadia Investment Management Corp MI purchased a new position in shares of Sterling Infrastructure in the 4th quarter worth about $71,000. Venturi Wealth Management LLC lifted its stake in shares of Sterling Infrastructure by 1,369.0% in the 4th quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company's stock valued at $104,000 after purchasing an additional 575 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of Sterling Infrastructure by 102.8% during the 4th quarter. IFP Advisors Inc now owns 657 shares of the construction company's stock worth $111,000 after purchasing an additional 333 shares during the period. 80.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. William Blair initiated coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They set an "outperform" rating for the company. DA Davidson upgraded 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. Finally, StockNews.com cut Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th.

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Sterling Infrastructure Stock Up 4.3 %

Shares of STRL traded up $5.77 during mid-day trading on Tuesday, reaching $141.00. 1,533,791 shares of the stock traded hands, compared to its average volume of 445,462. The stock has a fifty day simple moving average of $124.64 and a 200 day simple moving average of $154.73. Sterling Infrastructure, Inc. has a 12-month low of $93.50 and a 12-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 firm has a market cap of $4.29 billion, a price-to-earnings ratio of 23.82, a P/E/G ratio of 1.28 and a beta of 1.19.

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.