Axiom Investors LLC DE Makes New $20.37 Million Investment in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Axiom Investors LLC DE bought a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 120,945 shares of the construction company’s stock, valued at approximately $20,373,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Quarry LP lifted its holdings in shares of Sterling Infrastructure by 510.7% during the third quarter. Quarry LP now owns 171 shares of the construction company’s stock worth $25,000 after buying an additional 143 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Sterling Infrastructure in the fourth quarter valued at approximately $39,000. Arcadia Investment Management Corp MI acquired a new position in Sterling Infrastructure in the 4th quarter worth about $71,000. Venturi Wealth Management LLC raised its holdings in Sterling Infrastructure by 1,369.0% in the 4th quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company’s stock valued at $104,000 after buying an additional 575 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Sterling Infrastructure by 102.8% during the fourth quarter. IFP Advisors Inc now owns 657 shares of the construction company’s stock worth $111,000 after purchasing an additional 333 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Sterling Infrastructure Stock Performance

Sterling Infrastructure stock opened at $116.15 on Monday. 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’s fifty day moving average price is $135.10 and its 200-day moving average price is $156.50. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two week high of $206.07. The stock has a market cap of $3.55 billion, a P/E ratio of 19.62, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32.

Analysts Set New Price Targets

A number of research firms have recently commented on STRL. William Blair initiated coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an “outperform” rating on the stock. StockNews.com lowered shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. Finally, 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 report on Thursday, February 27th.

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.