Baker Ellis Asset Management LLC Grows Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Baker Ellis Asset Management LLC raised its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 2.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,420 shares of the construction company’s stock after purchasing an additional 1,210 shares during the quarter. Sterling Infrastructure accounts for about 0.9% of Baker Ellis Asset Management LLC’s investment portfolio, making the stock its 29th largest position. Baker Ellis Asset Management LLC owned approximately 0.18% of Sterling Infrastructure worth $6,274,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Convergence Investment Partners LLC grew its holdings in Sterling Infrastructure by 47.7% during the 4th quarter. Convergence Investment Partners LLC now owns 9,297 shares of the construction company’s stock valued at $1,566,000 after buying an additional 3,002 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Sterling Infrastructure by 7.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company’s stock valued at $111,873,000 after acquiring an additional 49,008 shares in the last quarter. EFG Asset Management North America Corp. grew its stake in Sterling Infrastructure by 58.6% during the fourth quarter. EFG Asset Management North America Corp. now owns 37,015 shares of the construction company’s stock valued at $6,236,000 after acquiring an additional 13,682 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in Sterling Infrastructure by 6.1% in the 4th quarter. Asset Management One Co. Ltd. now owns 37,671 shares of the construction company’s stock valued at $6,499,000 after acquiring an additional 2,156 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Sterling Infrastructure by 13.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,583 shares of the construction company’s stock worth $1,446,000 after purchasing an additional 1,043 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors.

Sterling Infrastructure Trading Down 2.2%

Shares of STRL opened at $198.37 on Wednesday. The stock has a market capitalization of $6.03 billion, a PE ratio of 33.51, a P/E/G ratio of 1.28 and a beta of 1.37. 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’s fifty day moving average is $164.02 and its 200 day moving average is $156.99. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two week high of $208.77.

Wall Street Analysts Forecast Growth

Several research analysts have commented on STRL shares. 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. Wall Street Zen raised Sterling Infrastructure from a “hold” rating to a “buy” rating in a research note on Thursday, May 22nd.

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.