Axiom Investors LLC DE Acquires Shares of 120,945 Sterling Infrastructure, Inc. (NASDAQ:STRL)

Axiom Investors LLC DE purchased a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 120,945 shares of the construction company’s stock, valued at approximately $20,373,000. Axiom Investors LLC DE owned about 0.39% of Sterling Infrastructure as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kovack Advisors Inc. boosted its position in Sterling Infrastructure by 3.2% in the 4th quarter. Kovack Advisors Inc. now owns 2,914 shares of the construction company’s stock valued at $491,000 after buying an additional 91 shares during the period. Willis Investment Counsel increased its holdings 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 buying an additional 101 shares during the last quarter. Xponance Inc. raised its stake in Sterling Infrastructure by 6.5% in the fourth quarter. Xponance Inc. now owns 2,144 shares of the construction company’s stock valued at $361,000 after buying an additional 131 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Sterling Infrastructure by 7.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,980 shares of the construction company’s stock worth $334,000 after acquiring an additional 137 shares in the last quarter. Finally, Quarry LP raised its position in shares of 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 in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Stock Down 0.7 %

Shares of STRL stock opened at $116.15 on Monday. Sterling Infrastructure, Inc. has a twelve month low of $93.50 and a twelve month high of $206.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 1.28 and a beta of 1.32. The stock’s 50 day simple moving average is $135.10 and its 200 day simple moving average is $156.50.

Wall Street Analyst Weigh In

Several analysts have commented on STRL shares. William Blair initiated coverage on Sterling Infrastructure in a research note on Friday, January 17th. They set an “outperform” rating for the company. DA Davidson raised 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. Finally, StockNews.com cut Sterling Infrastructure from a “buy” rating to a “hold” rating in a research note on Monday, March 24th.

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.