Silvercrest Asset Management Group LLC Acquires 16,052 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Silvercrest Asset Management Group LLC increased its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 33.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,545 shares of the construction company’s stock after buying an additional 16,052 shares during the period. Silvercrest Asset Management Group LLC owned 0.21% of Sterling Infrastructure worth $10,873,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Sterling Infrastructure during the fourth quarter worth approximately $39,000. Huntington National Bank raised its stake in shares of Sterling Infrastructure by 34.6% during the fourth quarter. Huntington National Bank now owns 288 shares of the construction company’s stock worth $49,000 after buying an additional 74 shares during the last quarter. National Bank of Canada FI bought a new stake in shares of Sterling Infrastructure during the fourth quarter worth approximately $56,000. Arcadia Investment Management Corp MI bought a new stake in shares of Sterling Infrastructure during the fourth quarter worth approximately $71,000. Finally, Venturi Wealth Management LLC raised its stake in shares of Sterling Infrastructure by 1,369.0% during the fourth quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company’s stock worth $104,000 after buying an additional 575 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a research note on Wednesday, April 9th. DA Davidson upgraded shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a report on Thursday, February 27th.

Sterling Infrastructure Stock Up 2.0%

Shares of NASDAQ STRL opened at $188.57 on Friday. The stock has a market cap of $5.73 billion, a P/E ratio of 31.85, a P/E/G ratio of 1.28 and a beta of 1.27. The firm has a 50 day moving average price of $140.32 and a 200 day moving average price of $155.73. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. Sterling Infrastructure, Inc. has a 52-week low of $93.50 and a 52-week high of $206.07.

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.