Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 1.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 291,458 shares of the construction company’s stock after buying an additional 3,831 shares during the period. American Century Companies Inc. owned 0.95% of Sterling Infrastructure worth $49,096,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP grew its position in Sterling Infrastructure by 510.7% during the third quarter. Quarry LP now owns 171 shares of the construction company’s stock valued at $25,000 after acquiring an additional 143 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Sterling Infrastructure in the 4th quarter valued at about $39,000. Arcadia Investment Management Corp MI purchased a new stake in shares of Sterling Infrastructure during the 4th quarter worth about $71,000. Private Trust Co. NA acquired a new stake in Sterling Infrastructure during the 3rd quarter worth approximately $78,000. Finally, Venturi Wealth Management LLC increased its position in Sterling Infrastructure by 1,369.0% during the 4th quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company’s stock worth $104,000 after purchasing an additional 575 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on STRL shares. StockNews.com cut shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a research report on Monday. 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 report on Thursday, February 27th. Finally, William Blair began coverage on Sterling Infrastructure in a report on Friday, January 17th. They issued an “outperform” rating for the company.

Sterling Infrastructure Stock Performance

Sterling Infrastructure stock opened at $125.56 on Thursday. 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 one year low of $93.50 and a one year high of $206.07. The stock’s 50 day moving average price is $137.65 and its 200 day moving average price is $156.14. The firm has a market capitalization of $3.84 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32.

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.