Harbour Investments Inc. Increases Stake in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Harbour Investments Inc. increased its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,386 shares of the construction company’s stock after buying an additional 579 shares during the period. Harbour Investments Inc.’s holdings in Sterling Infrastructure were worth $1,244,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in STRL. Principal Financial Group Inc. increased its stake 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 worth $51,561,000 after buying an additional 325,620 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Sterling Infrastructure during the 4th quarter worth approximately $47,712,000. WCM Investment Management LLC acquired a new position in Sterling Infrastructure during the 4th quarter worth approximately $18,019,000. Raymond James Financial Inc. acquired a new position in Sterling Infrastructure during the 4th quarter worth approximately $16,712,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Sterling Infrastructure by 7.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company’s stock worth $111,873,000 after acquiring an additional 49,008 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Trading Down 2.0 %

Shares of Sterling Infrastructure stock opened at $118.04 on Wednesday. The company has a fifty day simple moving average of $142.42 and a 200-day simple moving average of $155.73. Sterling Infrastructure, Inc. has a 12-month low of $93.50 and a 12-month high of $206.07. 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 stock has a market cap of $3.61 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 1.28 and a beta of 1.32.

Analysts Set New Price Targets

Several research firms have commented on STRL. DA Davidson upgraded shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a report on Thursday, February 27th. William Blair began coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They set an “outperform” rating for the company. Finally, StockNews.com upgraded shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Thursday, March 6th.

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.