Counterpoint Mutual Funds LLC bought a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL – Get Rating) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,899 shares of the construction company’s stock, valued at approximately $128,000.
A number of other large investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its holdings in Sterling Infrastructure by 50.4% in the third quarter. Public Employees Retirement System of Ohio now owns 1,274 shares of the construction company’s stock worth $27,000 after purchasing an additional 427 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Sterling Infrastructure by 4.5% during the second quarter. Legal & General Group Plc now owns 10,011 shares of the construction company’s stock worth $219,000 after acquiring an additional 427 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Sterling Infrastructure by 1.5% during the third quarter. California State Teachers Retirement System now owns 37,590 shares of the construction company’s stock worth $807,000 after acquiring an additional 544 shares during the last quarter. Barclays PLC grew its stake in shares of Sterling Infrastructure by 82.4% during the third quarter. Barclays PLC now owns 2,682 shares of the construction company’s stock worth $58,000 after acquiring an additional 1,212 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Sterling Infrastructure during the third quarter worth about $28,000. 77.74% of the stock is currently owned by institutional investors.
Sterling Infrastructure Stock Performance
NASDAQ STRL traded down $1.04 during trading hours on Friday, reaching $36.93. The stock had a trading volume of 483,869 shares, compared to its average volume of 282,337. The stock has a fifty day moving average of $36.48 and a 200 day moving average of $31.09. The stock has a market cap of $1.14 billion, a P/E ratio of 10.55, a price-to-earnings-growth ratio of 0.61 and a beta of 1.37. Sterling Infrastructure, Inc. has a 52-week low of $20.46 and a 52-week high of $42.00. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.34 and a current ratio of 1.34.
Insider Activity at Sterling Infrastructure
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. StockNews.com assumed coverage on Sterling Infrastructure in a research note on Thursday. They set a “buy” rating on the stock. DA Davidson boosted their price target on Sterling Infrastructure from $35.00 to $48.00 in a research note on Thursday, March 2nd.
About Sterling Infrastructure
Sterling Infrastructure, Inc engages in the provision of construction solutions. It operates through the following segments: Transportation Solutions, E-Infrastructure Solutions, and Building Solutions. The Transportation Solutions segment includes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, light rail, water, wastewater, and storm drainage systems.
- Get a free copy of the StockNews.com research report on Sterling Infrastructure (STRL)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Want to see what other hedge funds are holding STRL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sterling Infrastructure, Inc. (NASDAQ:STRL – Get Rating).
Receive News & Ratings for Sterling Infrastructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sterling Infrastructure and related companies with MarketBeat.com's FREE daily email newsletter.