Vanguard Group Inc. Has $425.14 Million Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Vanguard Group Inc. lifted its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 30.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,523,804 shares of the construction company’s stock after acquiring an additional 581,847 shares during the period. Vanguard Group Inc. owned approximately 8.22% of Sterling Infrastructure worth $425,135,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its stake in Sterling Infrastructure by 0.5% during the third quarter. Geode Capital Management LLC now owns 719,980 shares of the construction company’s stock worth $104,431,000 after purchasing an additional 3,918 shares during the period. State Street Corp lifted its position in shares of Sterling Infrastructure by 0.7% during the 3rd quarter. State Street Corp now owns 713,234 shares of the construction company’s stock worth $103,433,000 after buying an additional 5,106 shares during the period. 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 valued at $111,873,000 after buying an additional 49,008 shares in the last quarter. GW&K Investment Management LLC grew its position in Sterling Infrastructure by 3.4% in the fourth quarter. GW&K Investment Management LLC now owns 363,251 shares of the construction company’s stock valued at $61,190,000 after acquiring an additional 12,064 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Sterling Infrastructure by 1,088.1% during the third quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company’s stock worth $51,561,000 after acquiring an additional 325,620 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Tuesday. William Blair began coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They set an “outperform” rating on the stock. Finally, DA Davidson upgraded shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a research note on Thursday, February 27th.

Sterling Infrastructure Stock Performance

Shares of NASDAQ:STRL opened at $115.64 on Wednesday. The business has a fifty day moving average of $132.09 and a 200-day moving average of $156.35. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. Sterling Infrastructure, Inc. has a twelve month low of $93.50 and a twelve month high of $206.07. The firm has a market cap of $3.52 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32.

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.