RPg Family Wealth Advisory LLC Boosts Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

RPg Family Wealth Advisory LLC boosted its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,750 shares of the construction company’s stock after acquiring an additional 519 shares during the quarter. Sterling Infrastructure accounts for about 1.8% of RPg Family Wealth Advisory LLC’s holdings, making the stock its 21st biggest holding. RPg Family Wealth Advisory LLC owned 0.10% of Sterling Infrastructure worth $5,180,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in STRL. Principal Financial Group Inc. raised its holdings in Sterling Infrastructure by 1,088.1% in the third quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company’s stock valued at $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 acquired a new stake in Sterling Infrastructure in the fourth quarter valued at approximately $47,712,000. WCM Investment Management LLC acquired a new stake in Sterling Infrastructure in the fourth quarter valued at approximately $18,019,000. Raymond James Financial Inc. acquired a new stake in Sterling Infrastructure in the fourth quarter valued at approximately $16,712,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in Sterling Infrastructure by 7.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company’s stock valued at $111,873,000 after acquiring an additional 49,008 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. 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 report on Thursday, February 27th. StockNews.com raised shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Finally, William Blair initiated coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They set an “outperform” rating on the stock.

Insiders Place Their Bets

In other news, Director Dana C. O’brien sold 2,000 shares of Sterling Infrastructure stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total value of $351,780.00. Following the transaction, the director now directly owns 25,901 shares of the company’s stock, valued at $4,555,726.89. The trade was a 7.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.80% of the stock is owned by corporate insiders.

Sterling Infrastructure Stock Up 1.2 %

STRL stock opened at $117.81 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. Sterling Infrastructure, Inc. has a twelve month low of $93.50 and a twelve month high of $206.07. The company’s 50 day moving average is $145.68 and its two-hundred day moving average is $155.17. The stock has a market cap of $3.61 billion, a P/E ratio of 19.90, a PEG ratio of 1.28 and a beta of 1.32.

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.