GW&K Investment Management LLC Has $61.19 Million Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

GW&K Investment Management LLC increased its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 3.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 363,251 shares of the construction company’s stock after buying an additional 12,064 shares during the period. GW&K Investment Management LLC owned about 1.18% of Sterling Infrastructure worth $61,190,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in STRL. Principal Financial Group Inc. raised its stake in shares of 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 valued at $51,561,000 after acquiring an additional 325,620 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Sterling Infrastructure during the 4th quarter worth $47,712,000. WCM Investment Management LLC bought a new position in Sterling Infrastructure during the 4th quarter worth $18,019,000. Congress Asset Management Co. lifted its holdings in Sterling Infrastructure by 19.1% during the 3rd quarter. Congress Asset Management Co. now owns 647,924 shares of the construction company’s stock worth $93,962,000 after buying an additional 104,096 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of 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 during the last quarter. 80.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on STRL. StockNews.com upgraded Sterling Infrastructure from a “hold” rating to a “buy” rating in a research report on Thursday, February 20th. William Blair initiated coverage on shares of Sterling Infrastructure in a research report on Friday, January 17th. They set an “outperform” rating for the company. Finally, DA Davidson upgraded shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a research report on Thursday.

Insider Buying and Selling

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total value of $351,780.00. Following the transaction, the director now directly owns 25,901 shares of the company’s stock, valued at approximately $4,555,726.89. The trade was a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.70% of the stock is currently owned by insiders.

Sterling Infrastructure Stock Performance

Shares of Sterling Infrastructure stock opened at $123.15 on Friday. The business has a 50-day moving average price of $157.22 and a two-hundred day moving average price of $154.86. Sterling Infrastructure, Inc. has a 1-year low of $93.50 and a 1-year high of $206.07. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The company has a market cap of $3.78 billion, a P/E ratio of 20.80, a PEG ratio of 1.28 and a beta of 1.24.

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.