Xponance Inc. Grows Stake in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Xponance Inc. grew its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,144 shares of the construction company’s stock after buying an additional 131 shares during the period. Xponance Inc.’s holdings in Sterling Infrastructure were worth $361,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Principal Financial Group Inc. increased its position in Sterling Infrastructure by 1,088.1% during the 3rd quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company’s stock valued at $51,561,000 after purchasing an additional 325,620 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Sterling Infrastructure during the fourth quarter valued at about $47,712,000. WCM Investment Management LLC bought a new position in Sterling Infrastructure in the fourth quarter worth about $18,019,000. Raymond James Financial Inc. purchased a new stake in Sterling Infrastructure in the fourth quarter worth about $16,712,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings 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 worth $111,873,000 after buying an additional 49,008 shares during the period. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Price Performance

STRL stock opened at $125.56 on Thursday. 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 firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 1.28 and a beta of 1.32. The firm has a 50 day moving average price of $137.65 and a 200-day moving average price of $156.14. Sterling Infrastructure, Inc. has a 52-week low of $93.50 and a 52-week high of $206.07.

Analyst Ratings Changes

STRL has been the subject of several research reports. DA Davidson raised Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a research report on Thursday, February 27th. William Blair began coverage on Sterling Infrastructure in a research report on Friday, January 17th. They set an “outperform” rating for the company. Finally, StockNews.com downgraded shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a research report on Monday.

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.