Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Acquired by Bay Rivers Group

Bay Rivers Group increased its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 148.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,026 shares of the construction company’s stock after acquiring an additional 2,999 shares during the quarter. Bay Rivers Group’s holdings in Sterling Infrastructure were worth $569,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of STRL. Convergence Investment Partners LLC grew its position in Sterling Infrastructure by 47.7% in the 4th quarter. Convergence Investment Partners LLC now owns 9,297 shares of the construction company’s stock valued at $1,566,000 after buying an additional 3,002 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in 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 buying an additional 49,008 shares during the last quarter. EFG Asset Management North America Corp. grew its position in Sterling Infrastructure by 58.6% in the 4th quarter. EFG Asset Management North America Corp. now owns 37,015 shares of the construction company’s stock valued at $6,236,000 after buying an additional 13,682 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Sterling Infrastructure by 6.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 37,671 shares of the construction company’s stock worth $6,499,000 after purchasing an additional 2,156 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Sterling Infrastructure by 13.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,583 shares of the construction company’s stock worth $1,446,000 after purchasing an additional 1,043 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on STRL. DA Davidson upgraded shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a research report on Thursday, February 27th. Wall Street Zen upgraded shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a research report on Thursday, May 22nd.

Sterling Infrastructure Trading Down 0.2%

NASDAQ STRL opened at $193.81 on Thursday. Sterling Infrastructure, Inc. has a 12 month low of $93.50 and a 12 month high of $206.07. The company has a 50-day moving average of $157.12 and a 200-day moving average of $157.01. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market cap of $5.89 billion, a P/E ratio of 32.74, a P/E/G ratio of 1.28 and a beta of 1.27.

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.