16,558 Shares in Sterling Infrastructure, Inc. (NASDAQ:STRL) Bought by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG bought a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 16,558 shares of the construction company’s stock, valued at approximately $2,789,000.

Several other institutional investors also recently made changes to their positions in STRL. Kovack Advisors Inc. lifted its stake in shares of Sterling Infrastructure by 3.2% in the fourth quarter. Kovack Advisors Inc. now owns 2,914 shares of the construction company’s stock valued at $491,000 after purchasing an additional 91 shares during the period. Willis Investment Counsel lifted its position in shares of Sterling Infrastructure by 1.4% during the 4th quarter. Willis Investment Counsel now owns 7,535 shares of the construction company’s stock valued at $1,269,000 after acquiring an additional 101 shares during the period. Xponance Inc. boosted its stake in shares of Sterling Infrastructure by 6.5% during the 4th quarter. Xponance Inc. now owns 2,144 shares of the construction company’s stock worth $361,000 after acquiring an additional 131 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Sterling Infrastructure by 7.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,980 shares of the construction company’s stock worth $334,000 after acquiring an additional 137 shares during the period. Finally, Quarry LP grew its holdings in shares of Sterling Infrastructure by 510.7% in the 3rd quarter. Quarry LP now owns 171 shares of the construction company’s stock worth $25,000 after acquiring an additional 143 shares during the period. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Sterling Infrastructure Price Performance

STRL stock opened at $115.64 on Wednesday. The stock’s 50 day moving average price is $132.09 and its 200 day moving average price is $156.35. The firm has a market cap of $3.52 billion, a P/E ratio of 19.53, a PEG ratio of 1.28 and a beta of 1.32. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. Sterling Infrastructure, Inc. has a 1 year low of $93.50 and a 1 year high of $206.07.

Analyst Ratings Changes

A number of analysts have commented on STRL shares. William Blair assumed coverage on Sterling Infrastructure in a research report on Friday, January 17th. They set an “outperform” rating on the stock. DA Davidson raised Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a research note on Thursday, February 27th. Finally, StockNews.com raised shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a research note on Tuesday.

Sterling Infrastructure 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.