American Century Companies Inc. Purchases 3,831 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

American Century Companies Inc. lifted its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 291,458 shares of the construction company's stock after purchasing an additional 3,831 shares during the quarter. American Century Companies Inc. owned 0.95% of Sterling Infrastructure worth $49,096,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of STRL. State Street Corp lifted its position in Sterling Infrastructure by 0.7% during the third quarter. State Street Corp now owns 713,234 shares of the construction company's stock valued at $103,433,000 after purchasing an additional 5,106 shares during the last quarter. Bay Rivers Group bought a new position in shares of Sterling Infrastructure in the 4th quarter valued at about $341,000. Convergence Investment Partners LLC grew its position in Sterling Infrastructure by 47.7% in the fourth quarter. Convergence Investment Partners LLC now owns 9,297 shares of the construction company's stock worth $1,566,000 after acquiring an additional 3,002 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake 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 worth $111,873,000 after acquiring an additional 49,008 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in Sterling Infrastructure during the fourth quarter valued at approximately $253,000. Institutional investors own 80.95% of the company's stock.

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Analyst Ratings Changes

A number of brokerages have recently commented on STRL. William Blair began coverage on Sterling Infrastructure in a report on Friday, January 17th. They issued an "outperform" rating for the company. StockNews.com lowered shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. 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 research note on Thursday, February 27th.

Sterling Infrastructure Trading Down 0.7 %

Shares of STRL traded down $0.85 during mid-day trading on Friday, reaching $116.15. 594,798 shares of the company's stock traded hands, compared to its average volume of 407,082. 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 50-day moving average is $135.10 and its two-hundred day moving average is $156.50. Sterling Infrastructure, Inc. has a 12 month low of $93.50 and a 12 month high of $206.07. The stock has a market cap of $3.55 billion, a P/E ratio of 19.62, a P/E/G ratio of 1.28 and a beta of 1.32.

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.