Inceptionr LLC Makes New $230,000 Investment in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Inceptionr LLC bought a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,364 shares of the construction company’s stock, valued at approximately $230,000.

A number of other institutional investors and hedge funds have also modified their holdings of STRL. Principal Financial Group Inc. increased its holdings in shares of Sterling Infrastructure by 1,088.1% in the 3rd quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company’s stock worth $51,561,000 after purchasing an additional 325,620 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Sterling Infrastructure in the 4th quarter worth $47,712,000. WCM Investment Management LLC bought a new stake in shares of Sterling Infrastructure in the 4th quarter worth $18,019,000. Raymond James Financial Inc. bought a new stake in shares of Sterling Infrastructure in the 4th quarter worth $16,712,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of 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 worth $111,873,000 after purchasing an additional 49,008 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

STRL has been the subject of a number of research analyst reports. DA Davidson raised Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a report on Thursday, February 27th. StockNews.com raised Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Finally, William Blair assumed coverage on Sterling Infrastructure in a report on Friday, January 17th. They issued an “outperform” rating for the company.

Sterling Infrastructure Stock Performance

Shares of STRL opened at $111.08 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. Sterling Infrastructure, Inc. has a one year low of $93.50 and a one year high of $206.07. The firm has a market capitalization of $3.40 billion, a P/E ratio of 18.76, a PEG ratio of 1.28 and a beta of 1.32. The business has a fifty day moving average of $148.78 and a 200 day moving average of $155.72.

Insider Buying and Selling

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 transaction, the director now directly owns 25,901 shares in the company, valued at approximately $4,555,726.89. The trade was a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is currently owned by corporate insiders.

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.