Jones Financial Companies Lllp Acquires 1,118 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Jones Financial Companies Lllp raised its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 100.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,227 shares of the construction company’s stock after purchasing an additional 1,118 shares during the period. Jones Financial Companies Lllp’s holdings in Sterling Infrastructure were worth $375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in Sterling Infrastructure by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 719,980 shares of the construction company’s stock worth $104,431,000 after purchasing an additional 3,918 shares in the last quarter. State Street Corp boosted its stake in shares of Sterling Infrastructure by 0.7% during the 3rd quarter. State Street Corp now owns 713,234 shares of the construction company’s stock worth $103,433,000 after acquiring an additional 5,106 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Sterling Infrastructure by 7.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company’s stock valued at $111,873,000 after buying an additional 49,008 shares in the last quarter. Loomis Sayles & Co. L P lifted its holdings in Sterling Infrastructure by 4.9% during the third quarter. Loomis Sayles & Co. L P now owns 380,972 shares of the construction company’s stock valued at $55,248,000 after purchasing an additional 17,863 shares in the last quarter. Finally, GW&K Investment Management LLC raised its holdings in shares of Sterling Infrastructure by 3.4% during the fourth quarter. GW&K Investment Management LLC now owns 363,251 shares of the construction company’s stock valued at $61,190,000 after acquiring an additional 12,064 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Sterling Infrastructure

In related news, Director Dana C. O’brien sold 2,000 shares of Sterling Infrastructure stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total transaction of $351,780.00. Following the sale, the director now directly owns 25,901 shares in the company, valued at $4,555,726.89. This trade represents a 7.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.80% of the company’s stock.

Sterling Infrastructure Price Performance

Sterling Infrastructure stock opened at $115.74 on Wednesday. Sterling Infrastructure, Inc. has a 12-month low of $93.50 and a 12-month high of $206.07. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The stock has a market cap of $3.54 billion, a P/E ratio of 19.55, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32. The company has a fifty day simple moving average of $147.72 and a 200-day simple moving average of $155.70.

Analysts Set New Price Targets

STRL has been the topic of several research reports. William Blair started coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an “outperform” rating on the stock. DA Davidson upgraded shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a report on Thursday, February 27th. Finally, StockNews.com upgraded Sterling Infrastructure from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th.

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.