Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Acquired by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC boosted its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,435 shares of the construction company’s stock after buying an additional 215 shares during the period. Thoroughbred Financial Services LLC’s holdings in Sterling Infrastructure were worth $2,094,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Quarry LP lifted its holdings in shares of Sterling Infrastructure by 510.7% in the 3rd quarter. Quarry LP now owns 171 shares of the construction company’s stock valued at $25,000 after buying an additional 143 shares during the period. SBI Securities Co. Ltd. purchased a new position in Sterling Infrastructure in the fourth quarter worth $39,000. Huntington National Bank lifted its holdings in Sterling Infrastructure by 34.6% in the fourth quarter. Huntington National Bank now owns 288 shares of the construction company’s stock valued at $49,000 after acquiring an additional 74 shares during the period. National Bank of Canada FI purchased a new stake in shares of Sterling Infrastructure during the 4th quarter worth $56,000. Finally, Arcadia Investment Management Corp MI acquired a new position in shares of Sterling Infrastructure during the 4th quarter worth $71,000. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Stock Down 4.5 %

Shares of NASDAQ STRL opened at $104.96 on Friday. The firm’s 50-day moving average is $127.07 and its two-hundred day moving average is $155.60. The company has a market capitalization of $3.19 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32. Sterling Infrastructure, Inc. has a 12-month low of $93.50 and a 12-month high of $206.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. StockNews.com upgraded shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a research report on Tuesday. DA Davidson raised Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a research note on Thursday, February 27th. Finally, William Blair began coverage on Sterling Infrastructure in a research report on Friday, January 17th. They set an “outperform” rating on the stock.

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.