Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Purchased by Thames Capital Management LLC

Thames Capital Management LLC lifted its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 162.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,760 shares of the construction company's stock after acquiring an additional 27,715 shares during the period. Sterling Infrastructure accounts for approximately 2.0% of Thames Capital Management LLC's investment portfolio, making the stock its 21st biggest holding. Thames Capital Management LLC owned approximately 0.15% of Sterling Infrastructure worth $7,540,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in STRL. Quarry LP grew its holdings in shares of Sterling Infrastructure by 510.7% during the third quarter. Quarry LP now owns 171 shares of the construction company's stock worth $25,000 after purchasing an additional 143 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Sterling Infrastructure during the fourth quarter worth approximately $39,000. Huntington National Bank increased its position in Sterling Infrastructure by 34.6% during the fourth quarter. Huntington National Bank now owns 288 shares of the construction company's stock worth $49,000 after buying an additional 74 shares during the period. National Bank of Canada FI purchased a new stake in Sterling Infrastructure in the fourth quarter valued at approximately $56,000. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of Sterling Infrastructure in the fourth quarter valued at approximately $71,000. Hedge funds and other institutional investors own 80.95% of the company's stock.

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Wall Street Analyst Weigh In

STRL has been the topic of a number of recent research reports. 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. William Blair began coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an "outperform" rating on the stock. Finally, StockNews.com lowered Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Wednesday.

Sterling Infrastructure Stock Performance

Shares of NASDAQ:STRL traded up $2.12 during trading on Friday, reaching $134.53. The company had a trading volume of 203,461 shares, compared to its average volume of 437,139. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two week 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. The stock's fifty day moving average price is $124.84 and its 200 day moving average price is $154.79. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth 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.