Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Purchased by Harbour Investments Inc.

Harbour Investments Inc. increased its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 8.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,386 shares of the construction company’s stock after acquiring an additional 579 shares during the quarter. Harbour Investments Inc.’s holdings in Sterling Infrastructure were worth $1,244,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of STRL. Principal Financial Group Inc. boosted its position in Sterling Infrastructure by 1,088.1% during the third 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 during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Sterling Infrastructure in the 4th quarter valued at about $47,712,000. WCM Investment Management LLC acquired a new position in Sterling Infrastructure in the 4th quarter valued at about $18,019,000. Raymond James Financial Inc. acquired a new position in Sterling Infrastructure in the 4th quarter valued at about $16,712,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Sterling Infrastructure by 7.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company’s stock valued at $111,873,000 after purchasing an additional 49,008 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on STRL. William Blair began coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They issued an “outperform” rating on the stock. DA Davidson upgraded 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. Finally, StockNews.com raised shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th.

Sterling Infrastructure Price Performance

Sterling Infrastructure stock opened at $118.04 on Wednesday. The company’s 50 day simple moving average is $142.42 and its 200-day simple moving average is $155.73. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32. Sterling Infrastructure, Inc. has a 1 year low of $93.50 and a 1 year 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.

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.