EntryPoint Capital LLC Acquires 255 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

EntryPoint Capital LLC raised its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 8.0% in the 4th quarter, HoldingsChannel reports. The firm owned 3,432 shares of the construction company’s stock after purchasing an additional 255 shares during the quarter. EntryPoint Capital LLC’s holdings in Sterling Infrastructure were worth $578,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pathstone Holdings LLC raised its holdings in shares of Sterling Infrastructure by 157.1% in the third quarter. Pathstone Holdings LLC now owns 9,900 shares of the construction company’s stock valued at $1,436,000 after buying an additional 6,049 shares during the last quarter. Commerce Bank raised its stake in shares of Sterling Infrastructure by 29.5% in the third quarter. Commerce Bank now owns 2,986 shares of the construction company’s stock worth $433,000 after acquiring an additional 680 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Sterling Infrastructure during the third quarter worth approximately $1,513,000. Citigroup Inc. grew its stake in shares of Sterling Infrastructure by 183.9% during the third quarter. Citigroup Inc. now owns 35,960 shares of the construction company’s stock valued at $5,215,000 after purchasing an additional 23,295 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Sterling Infrastructure by 62.2% in the third quarter. Cerity Partners LLC now owns 5,184 shares of the construction company’s stock valued at $752,000 after purchasing an additional 1,988 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

STRL has been the topic of a number of recent research reports. DA Davidson upgraded Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a research report on Thursday, February 27th. StockNews.com cut Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Monday. Finally, William Blair initiated coverage on Sterling Infrastructure in a report on Friday, January 17th. They set an “outperform” rating for the company.

Sterling Infrastructure Price Performance

STRL opened at $133.95 on Tuesday. The company has a fifty day moving average price of $139.49 and a two-hundred day moving average price of $156.20. The firm has a market capitalization of $4.10 billion, a PE ratio of 22.63, a P/E/G ratio of 1.28 and a beta of 1.32. 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.

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.