Rhumbline Advisers Has $5.41 Million Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Rhumbline Advisers lifted its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 2.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,770 shares of the construction company’s stock after acquiring an additional 1,270 shares during the period. Rhumbline Advisers owned 0.16% of Sterling Infrastructure worth $5,408,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted 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 valued at $425,135,000 after acquiring an additional 581,847 shares during the period. Invesco Ltd. raised its holdings in Sterling Infrastructure by 22.5% during the fourth quarter. Invesco Ltd. now owns 757,273 shares of the construction company’s stock worth $127,563,000 after buying an additional 139,081 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings 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 worth $111,873,000 after buying an additional 49,008 shares during the last quarter. Capital Research Global Investors raised its holdings in Sterling Infrastructure by 78.5% during the fourth quarter. Capital Research Global Investors now owns 574,976 shares of the construction company’s stock worth $96,855,000 after buying an additional 252,934 shares during the last quarter. Finally, GW&K Investment Management LLC raised its holdings in Sterling Infrastructure by 3.4% during the fourth quarter. GW&K Investment Management LLC now owns 363,251 shares of the construction company’s stock worth $61,190,000 after buying an additional 12,064 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on STRL. Wall Street Zen upgraded shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd. DA Davidson upgraded shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a report on Thursday, February 27th.

Sterling Infrastructure Price Performance

Shares of NASDAQ:STRL opened at $204.32 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $6.21 billion, a PE ratio of 34.51, a P/E/G ratio of 1.28 and a beta of 1.37. Sterling Infrastructure, Inc. has a twelve month low of $93.50 and a twelve month high of $208.77. The company has a 50-day moving average price of $167.92 and a two-hundred day moving average price of $157.38.

About Sterling Infrastructure

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.