Bryce Point Capital LLC Makes New Investment in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Bryce Point Capital LLC bought a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,337 shares of the construction company’s stock, valued at approximately $562,000.

A number of other large investors also recently modified their holdings of STRL. Vanguard Group Inc. raised its position in Sterling Infrastructure by 30.0% in the 4th quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company’s stock valued at $425,135,000 after buying an additional 581,847 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Sterling Infrastructure by 1,088.1% in the 3rd quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company’s stock worth $51,561,000 after acquiring an additional 325,620 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Sterling Infrastructure in the 4th quarter worth $47,712,000. Axiom Investors LLC DE purchased a new stake in shares of Sterling Infrastructure in the fourth quarter valued at about $20,373,000. Finally, WCM Investment Management LLC bought a new position in shares of Sterling Infrastructure during the fourth quarter valued at about $18,019,000. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Stock Performance

Shares of STRL stock opened at $118.46 on Thursday. 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 has a market cap of $3.60 billion, a price-to-earnings ratio of 20.01, a P/E/G ratio of 1.28 and a beta of 1.32. Sterling Infrastructure, Inc. has a 52 week low of $93.50 and a 52 week high of $206.07. The firm’s 50-day simple moving average is $130.45 and its two-hundred day simple moving average is $156.09.

Wall Street Analysts Forecast Growth

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