Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Acquired by Alliancebernstein L.P.

Alliancebernstein L.P. increased its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 38.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,470 shares of the construction company’s stock after purchasing an additional 12,320 shares during the quarter. Alliancebernstein L.P. owned 0.14% of Sterling Infrastructure worth $7,491,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of STRL. State Street Corp raised its position in 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 last quarter. Bay Rivers Group acquired a new position in shares of Sterling Infrastructure during the fourth quarter worth about $341,000. Convergence Investment Partners LLC raised its holdings in Sterling Infrastructure by 47.7% during the fourth quarter. Convergence Investment Partners LLC now owns 9,297 shares of the construction company’s stock worth $1,566,000 after purchasing an additional 3,002 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Sterling Infrastructure by 7.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company’s stock valued at $111,873,000 after purchasing an additional 49,008 shares during the period. Finally, Park Avenue Securities LLC acquired a new stake in Sterling Infrastructure in the fourth quarter valued at about $253,000. 80.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on STRL shares. DA Davidson upgraded Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a research report on Thursday, February 27th. William Blair assumed coverage on Sterling Infrastructure in a report on Friday, January 17th. They set an “outperform” rating on the stock. Finally, StockNews.com cut Sterling Infrastructure from a “buy” rating to a “hold” rating in a research report on Wednesday.

Sterling Infrastructure Stock Up 3.5 %

STRL stock opened at $137.09 on Friday. 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’s 50-day moving average price is $124.81 and its 200 day moving average price is $154.72. Sterling Infrastructure, Inc. has a 52 week low of $93.50 and a 52 week high of $206.07. The company has a market cap of $4.17 billion, a P/E ratio of 23.16, a P/E/G ratio of 1.28 and a beta of 1.19.

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.