Bryce Point Capital LLC Invests $562,000 in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Bryce Point Capital LLC purchased a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,337 shares of the construction company’s stock, valued at approximately $562,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP grew its holdings in Sterling Infrastructure by 510.7% during the 3rd quarter. Quarry LP now owns 171 shares of the construction company’s stock valued at $25,000 after buying an additional 143 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Sterling Infrastructure during the fourth quarter valued at approximately $39,000. Huntington National Bank increased its holdings in Sterling Infrastructure by 34.6% during the 4th quarter. Huntington National Bank now owns 288 shares of the construction company’s stock worth $49,000 after acquiring an additional 74 shares during the period. National Bank of Canada FI purchased a new stake in Sterling Infrastructure in the 4th quarter worth approximately $56,000. Finally, Arcadia Investment Management Corp MI purchased a new position in shares of Sterling Infrastructure during the 4th quarter valued at $71,000. 80.95% of the stock is currently owned by institutional investors.

Sterling Infrastructure Stock Performance

Sterling Infrastructure stock opened at $118.46 on Thursday. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two 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. The stock has a market cap of $3.60 billion, a P/E ratio of 20.01, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32. The firm’s fifty day moving average price is $130.45 and its 200-day moving average price is $156.09.

Analysts Set New Price Targets

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

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.