Sterling Infrastructure, Inc. (NASDAQ:STRL) Position Increased by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC lifted its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 385.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 752 shares of the construction company’s stock after purchasing an additional 597 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Sterling Infrastructure were worth $127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of the company. Kovack Advisors Inc. raised its position in shares of Sterling Infrastructure by 3.2% in the fourth quarter. Kovack Advisors Inc. now owns 2,914 shares of the construction company’s stock valued at $491,000 after purchasing an additional 91 shares during the period. Willis Investment Counsel grew its position in Sterling Infrastructure by 1.4% in the fourth quarter. Willis Investment Counsel now owns 7,535 shares of the construction company’s stock valued at $1,269,000 after acquiring an additional 101 shares during the period. Quarry LP grew its position in Sterling Infrastructure by 510.7% during the 3rd quarter. Quarry LP now owns 171 shares of the construction company’s stock worth $25,000 after acquiring an additional 143 shares during the last quarter. Aprio Wealth Management LLC grew its stake in shares of Sterling Infrastructure by 5.4% during the fourth quarter. Aprio Wealth Management LLC now owns 3,161 shares of the construction company’s stock valued at $532,000 after purchasing an additional 161 shares during the last quarter. Finally, Colonial River Investments LLC boosted its holdings in Sterling Infrastructure by 10.3% in the fourth quarter. Colonial River Investments LLC now owns 1,748 shares of the construction company’s stock valued at $294,000 after acquiring an additional 163 shares during the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Sterling Infrastructure Price Performance

STRL stock opened at $121.37 on Monday. Sterling Infrastructure, Inc. has a 1 year low of $93.50 and a 1 year high of $206.07. The stock has a market capitalization of $3.71 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32. The company’s 50-day moving average is $144.56 and its 200-day moving average is $155.73. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29.

Insider Activity 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 stock was 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 approximately $4,555,726.89. This trade represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on STRL. 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. William Blair began coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They issued an “outperform” rating on the stock. Finally, StockNews.com raised shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Thursday, March 6th.

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.