2,076 Shares in Sterling Infrastructure, Inc. (NASDAQ:STRL) Acquired by Advisory Alpha LLC

Advisory Alpha LLC acquired a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,076 shares of the construction company’s stock, valued at approximately $235,000.

A number of other hedge funds have also recently made changes to their positions in STRL. Vanguard Group Inc. boosted its position 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. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Sterling Infrastructure during the 4th quarter worth approximately $47,712,000. Capital Research Global Investors boosted its position in Sterling Infrastructure by 78.5% in the 4th quarter. Capital Research Global Investors now owns 574,976 shares of the construction company’s stock valued at $96,855,000 after buying an additional 252,934 shares during the period. First Trust Advisors LP boosted its position in Sterling Infrastructure by 74.1% in the 4th quarter. First Trust Advisors LP now owns 356,339 shares of the construction company’s stock valued at $60,025,000 after buying an additional 151,642 shares during the period. Finally, Invesco Ltd. boosted its position in Sterling Infrastructure by 22.5% in the 4th quarter. Invesco Ltd. now owns 757,273 shares of the construction company’s stock valued at $127,563,000 after buying an additional 139,081 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Stock Performance

Shares of STRL stock opened at $187.86 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. Sterling Infrastructure, Inc. has a 52 week low of $93.50 and a 52 week high of $206.07. The stock has a market capitalization of $5.71 billion, a PE ratio of 31.73, a P/E/G ratio of 1.28 and a beta of 1.27. The firm has a 50 day moving average of $152.74 and a two-hundred day moving average of $156.43.

Analyst Upgrades and Downgrades

STRL has been the subject of several recent research reports. Wall Street Zen raised shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a research report on Thursday, May 22nd. DA Davidson raised shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a research report on Thursday, February 27th.

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.