EFG Asset Management North America Corp. Has $6.24 Million Stock Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

EFG Asset Management North America Corp. lifted its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 58.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,015 shares of the construction company's stock after buying an additional 13,682 shares during the quarter. Sterling Infrastructure comprises approximately 0.9% of EFG Asset Management North America Corp.'s holdings, making the stock its 23rd largest position. EFG Asset Management North America Corp. owned 0.12% of Sterling Infrastructure worth $6,236,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of STRL. Quarry LP raised its holdings in shares of Sterling Infrastructure by 510.7% in the 3rd quarter. Quarry LP now owns 171 shares of the construction company's stock worth $25,000 after buying an additional 143 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Sterling Infrastructure during the 4th quarter valued at about $39,000. Arcadia Investment Management Corp MI acquired a new stake in shares of Sterling Infrastructure during the fourth quarter worth $71,000. Private Trust Co. NA bought a new stake in shares of Sterling Infrastructure in the third quarter valued at about $78,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Sterling Infrastructure by 1,369.0% in the fourth 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. 80.95% of the stock is currently owned by institutional investors.

Remove Ads

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. William Blair started coverage on Sterling Infrastructure in a research report on Friday, January 17th. They set an "outperform" rating for the company. StockNews.com downgraded shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, DA Davidson upgraded 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.

Sterling Infrastructure Stock Performance

STRL traded down $0.85 on Friday, reaching $116.15. The company had a trading volume of 594,798 shares, compared to its average volume of 407,082. 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 quick ratio of 1.29 and a current ratio of 1.29. The company's fifty day moving average is $135.10 and its 200 day moving average is $156.23. 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.

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.