Sterling Infrastructure, Inc. (NASDAQ:STRL) Stock Position Raised by Bridge City Capital LLC

Bridge City Capital LLC grew its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 8.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 66,303 shares of the construction company's stock after buying an additional 4,964 shares during the quarter. Sterling Infrastructure accounts for approximately 3.0% of Bridge City Capital LLC's portfolio, making the stock its biggest position. Bridge City Capital LLC owned approximately 0.22% of Sterling Infrastructure worth $11,169,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of Sterling Infrastructure by 1,088.1% in the 3rd quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company's stock valued at $51,561,000 after buying an additional 325,620 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Sterling Infrastructure during the fourth quarter worth about $47,712,000. WCM Investment Management LLC acquired a new stake in shares of Sterling Infrastructure during the fourth quarter worth about $18,019,000. Raymond James Financial Inc. purchased a new stake in shares of Sterling Infrastructure in the 4th quarter valued at about $16,712,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Sterling Infrastructure by 7.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company's stock valued at $111,873,000 after purchasing an additional 49,008 shares during the period. 80.95% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analyst Upgrades and Downgrades

Several research firms have commented on STRL. William Blair started coverage on Sterling Infrastructure in a research report on Friday, January 17th. They set an "outperform" rating on the stock. StockNews.com cut shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Monday. Finally, DA Davidson upgraded shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price target for the company in a research note on Thursday, February 27th.

Sterling Infrastructure Stock Performance

STRL stock traded down $2.66 during trading on Tuesday, hitting $131.29. The company had a trading volume of 537,909 shares, compared to its average volume of 394,202. The firm has a 50-day moving average price of $139.49 and a 200-day moving average price of $156.20. 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 $4.02 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32. Sterling Infrastructure, Inc. has a 1-year low of $93.50 and a 1-year high of $206.07.

Sterling Infrastructure 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.