Argent Trust Co Has $1.36 Million Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Argent Trust Co grew its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,060 shares of the construction company’s stock after buying an additional 166 shares during the quarter. Argent Trust Co’s holdings in Sterling Infrastructure were worth $1,358,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Huntington National Bank increased its stake in Sterling Infrastructure by 34.6% in the fourth quarter. Huntington National Bank now owns 288 shares of the construction company’s stock valued at $49,000 after acquiring an additional 74 shares during the period. Kovack Advisors Inc. raised its holdings in shares of Sterling Infrastructure by 3.2% in the 4th quarter. Kovack Advisors Inc. now owns 2,914 shares of the construction company’s stock worth $491,000 after buying an additional 91 shares in the last quarter. Willis Investment Counsel lifted its position in shares of Sterling Infrastructure by 1.4% during the 4th quarter. Willis Investment Counsel now owns 7,535 shares of the construction company’s stock worth $1,269,000 after buying an additional 101 shares during the period. Xponance Inc. grew its position in Sterling Infrastructure by 6.5% in the fourth quarter. Xponance Inc. now owns 2,144 shares of the construction company’s stock valued at $361,000 after acquiring an additional 131 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in Sterling Infrastructure by 7.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,980 shares of the construction company’s stock valued at $334,000 after acquiring an additional 137 shares during the period. 80.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

STRL has been the topic of several recent analyst reports. 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 research note on Thursday, February 27th. William Blair assumed coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They set an “outperform” rating on the stock. Finally, StockNews.com lowered shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Wednesday.

Sterling Infrastructure Stock Performance

Shares of NASDAQ:STRL opened at $137.09 on Friday. The business has a fifty day moving average of $124.81 and a 200-day moving average of $154.72. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. Sterling Infrastructure, Inc. has a twelve month low of $93.50 and a twelve month high of $206.07. The firm has a market cap of $4.17 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 1.28 and a beta of 1.19.

Sterling Infrastructure Company 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.