Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Acquired by Comerica Bank

Comerica Bank grew its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 10.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,832 shares of the construction company’s stock after purchasing an additional 172 shares during the quarter. Comerica Bank’s holdings in Sterling Infrastructure were worth $309,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of STRL. Vanguard Group Inc. raised its holdings in shares of Sterling Infrastructure by 30.0% in the 4th quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company’s stock valued at $425,135,000 after purchasing an additional 581,847 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Sterling Infrastructure in the 4th quarter valued at $47,712,000. Capital Research Global Investors raised its holdings in shares of 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 purchasing an additional 252,934 shares in the last quarter. First Trust Advisors LP grew its position in shares of 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 last quarter. Finally, Invesco Ltd. grew its position in shares of 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 last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Sterling Infrastructure Trading Up 2.0%

NASDAQ STRL opened at $188.57 on Friday. 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 firm’s fifty day moving average price is $140.32 and its 200 day moving average price is $155.71. The company has a market capitalization of $5.73 billion, a price-to-earnings ratio of 31.85, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. Sterling Infrastructure, Inc. has a 12 month low of $93.50 and a 12 month high of $206.07.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on STRL shares. StockNews.com downgraded shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a research report on Wednesday, April 9th. William Blair started coverage on shares of Sterling Infrastructure in a research report on Friday, January 17th. They issued an “outperform” rating on the stock. Finally, DA Davidson raised shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock 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.