Axxcess Wealth Management LLC Acquires 158 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Axxcess Wealth Management LLC raised its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 10.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,743 shares of the construction company’s stock after acquiring an additional 158 shares during the period. Axxcess Wealth Management LLC’s holdings in Sterling Infrastructure were worth $294,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp raised 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 valued at $103,433,000 after acquiring an additional 5,106 shares during the last quarter. Bay Rivers Group bought a new stake in shares of Sterling Infrastructure in the 4th quarter valued at $341,000. Convergence Investment Partners LLC increased its position in shares of Sterling Infrastructure by 47.7% in the 4th quarter. Convergence Investment Partners LLC now owns 9,297 shares of the construction company’s stock valued at $1,566,000 after buying an additional 3,002 shares in the last quarter. Allspring Global Investments Holdings LLC increased 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 in the last quarter. Finally, Park Avenue Securities LLC bought a new position in Sterling Infrastructure during the 4th quarter worth about $253,000. Institutional investors own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sterling Infrastructure Trading Up 0.6 %

Shares of STRL stock opened at $126.63 on Friday. The firm has a 50 day moving average price of $140.05 and a two-hundred day moving average price of $155.70. 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 company has a market capitalization of $3.88 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32. Sterling Infrastructure, Inc. has a 12-month low of $93.50 and a 12-month high of $206.07.

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.