Sterling Infrastructure, Inc. (NASDAQ:STRL) Stock Holdings Lifted by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. lifted its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 58.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,015 shares of the construction company’s stock after acquiring an additional 13,682 shares during the quarter. Sterling Infrastructure accounts for 0.9% of EFG Asset Management North America Corp.’s portfolio, making the stock its 23rd largest holding. EFG Asset Management North America Corp. owned 0.12% of Sterling Infrastructure worth $6,236,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in Sterling Infrastructure by 30.0% in 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 in the last quarter. Geode Capital Management LLC increased its position in shares of Sterling Infrastructure by 0.5% in the third quarter. Geode Capital Management LLC now owns 719,980 shares of the construction company’s stock worth $104,431,000 after acquiring an additional 3,918 shares in the last quarter. State Street Corp lifted its position in shares of Sterling Infrastructure by 0.7% in the 3rd quarter. State Street Corp now owns 713,234 shares of the construction company’s stock valued at $103,433,000 after acquiring an additional 5,106 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in 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 during the period. Finally, Loomis Sayles & Co. L P grew its position in Sterling Infrastructure by 4.9% during the 3rd quarter. Loomis Sayles & Co. L P now owns 380,972 shares of the construction company’s stock worth $55,248,000 after purchasing an additional 17,863 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

STRL has been the subject of several recent 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 research report on Thursday, February 27th. StockNews.com cut Sterling Infrastructure from a “buy” rating to a “hold” rating in a research note on Monday. Finally, William Blair started coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They set an “outperform” rating for the company.

Sterling Infrastructure Price Performance

Shares of NASDAQ:STRL opened at $133.95 on Tuesday. The business has a fifty day simple moving average of $139.49 and a 200 day simple moving average of $156.20. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. Sterling Infrastructure, Inc. has a 1 year low of $93.50 and a 1 year high of $206.07. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 22.63, a P/E/G ratio of 1.28 and a beta of 1.32.

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.