Rockefeller Capital Management L.P. Boosts Stock Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Rockefeller Capital Management L.P. lifted its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 54.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 198,702 shares of the construction company's stock after buying an additional 69,878 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.65% of Sterling Infrastructure worth $33,471,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in STRL. SBI Securities Co. Ltd. acquired a new position in Sterling Infrastructure during the 4th quarter valued at about $39,000. Huntington National Bank increased its holdings in shares of Sterling Infrastructure by 34.6% during the fourth quarter. Huntington National Bank now owns 288 shares of the construction company's stock valued at $49,000 after acquiring an additional 74 shares in the last quarter. National Bank of Canada FI acquired a new stake in Sterling Infrastructure in the 4th quarter worth approximately $56,000. Arcadia Investment Management Corp MI purchased a new stake in Sterling Infrastructure during the 4th quarter worth approximately $71,000. Finally, Venturi Wealth Management LLC increased its stake 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 valued at $104,000 after purchasing an additional 575 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company's stock.

Wall Street Analysts Forecast Growth

STRL has been the topic of several research reports. StockNews.com downgraded shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. William Blair started coverage on Sterling Infrastructure in a research note on Friday, January 17th. They set 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 price target on the stock in a research note on Thursday, February 27th.

Sterling Infrastructure Price Performance

Sterling Infrastructure stock traded down $0.17 during midday trading on Friday, reaching $140.27. The company had a trading volume of 1,045,290 shares, compared to its average volume of 478,502. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. Sterling Infrastructure, Inc. has a 12-month low of $93.50 and a 12-month high of $206.07. The company has a market capitalization of $4.27 billion, a P/E ratio of 23.69, a P/E/G ratio of 1.28 and a beta of 1.19. The firm's fifty day simple moving average is $124.10 and its 200-day simple moving average is $154.50.

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.