Prudential Financial Inc. Purchases 42,207 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Prudential Financial Inc. grew its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 134.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 73,649 shares of the construction company’s stock after buying an additional 42,207 shares during the period. Prudential Financial Inc. owned 0.24% of Sterling Infrastructure worth $12,406,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of STRL. State Street Corp boosted its stake in Sterling Infrastructure by 0.7% in the third quarter. State Street Corp now owns 713,234 shares of the construction company’s stock valued at $103,433,000 after acquiring an additional 5,106 shares in the last quarter. Bay Rivers Group purchased a new stake in shares of Sterling Infrastructure during the 4th quarter valued at $341,000. Convergence Investment Partners LLC boosted its position in shares of Sterling Infrastructure by 47.7% in the 4th quarter. Convergence Investment Partners LLC now owns 9,297 shares of the construction company’s stock worth $1,566,000 after purchasing an additional 3,002 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake 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 buying an additional 49,008 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new position in Sterling Infrastructure during the 4th quarter valued at about $253,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. StockNews.com downgraded Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Monday, March 24th. William Blair assumed coverage on shares of Sterling Infrastructure in a research report on Friday, January 17th. They issued an “outperform” rating for the company. Finally, DA Davidson raised shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a research report on Thursday, February 27th.

Sterling Infrastructure Stock Down 0.7 %

Sterling Infrastructure stock opened at $116.15 on Friday. The business’s 50-day simple moving average is $135.10 and its two-hundred day simple moving average is $155.92. 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 company has a market cap of $3.55 billion, a PE ratio of 19.62, a PEG ratio of 1.28 and a beta of 1.32. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two week high of $206.07.

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.