EntryPoint Capital LLC Has $578,000 Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

EntryPoint Capital LLC increased its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 8.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,432 shares of the construction company’s stock after purchasing an additional 255 shares during the period. EntryPoint Capital LLC’s holdings in Sterling Infrastructure were worth $578,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Sterling Infrastructure by 30.0% during the 4th quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company’s stock worth $425,135,000 after purchasing an additional 581,847 shares during the period. Principal Financial Group Inc. increased its stake in Sterling Infrastructure by 1,088.1% during the third quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company’s stock valued at $51,561,000 after acquiring an additional 325,620 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Sterling Infrastructure in the 4th quarter valued at approximately $47,712,000. WCM Investment Management LLC bought a new stake in shares of Sterling Infrastructure in the 4th quarter worth approximately $18,019,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Sterling Infrastructure during the 4th quarter worth approximately $16,712,000. Institutional investors own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on STRL shares. StockNews.com lowered Sterling Infrastructure from a “buy” rating to a “hold” rating in a research note on Monday. DA Davidson raised 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. Finally, William Blair initiated coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an “outperform” rating on the stock.

Sterling Infrastructure Stock Performance

Shares of NASDAQ:STRL opened at $133.95 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. The business’s fifty day moving average price is $139.49 and its two-hundred day moving average price is $156.20. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two week high of $206.07. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 22.63, 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.