Globeflex Capital L P Purchases 2,174 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Globeflex Capital L P raised its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 72.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,165 shares of the construction company’s stock after purchasing an additional 2,174 shares during the period. Globeflex Capital L P’s holdings in Sterling Infrastructure were worth $870,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Kovack Advisors Inc. lifted its stake in Sterling Infrastructure by 3.2% in the fourth quarter. Kovack Advisors Inc. now owns 2,914 shares of the construction company’s stock valued at $491,000 after acquiring an additional 91 shares during the last quarter. Willis Investment Counsel increased its position in Sterling Infrastructure by 1.4% during the fourth quarter. Willis Investment Counsel now owns 7,535 shares of the construction company’s stock worth $1,269,000 after acquiring an additional 101 shares during the period. PNC Financial Services Group Inc. increased its holdings in Sterling Infrastructure by 7.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,980 shares of the construction company’s stock valued at $334,000 after buying an additional 137 shares during the period. Quarry LP increased its holdings in Sterling Infrastructure by 510.7% in the 3rd quarter. Quarry LP now owns 171 shares of the construction company’s stock valued at $25,000 after buying an additional 143 shares during the period. Finally, Aprio Wealth Management LLC increased its holdings in Sterling Infrastructure by 5.4% in the 4th quarter. Aprio Wealth Management LLC now owns 3,161 shares of the construction company’s stock valued at $532,000 after buying an additional 161 shares during the period. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Trading Up 3.0 %

Shares of STRL stock opened at $121.37 on Friday. Sterling Infrastructure, Inc. has a 52-week low of $93.50 and a 52-week high of $206.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The company has a 50-day simple moving average of $144.56 and a two-hundred day simple moving average of $155.19. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 1.28 and a beta of 1.32.

Analyst Upgrades and Downgrades

STRL has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. DA Davidson raised shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a research note on Thursday, February 27th. Finally, William Blair began coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an “outperform” rating on the stock.

Insiders Place Their Bets

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total value of $351,780.00. Following the sale, the director now directly owns 25,901 shares in the company, valued at $4,555,726.89. This represents a 7.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

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.