Bridge City Capital LLC Has $11.17 Million Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Bridge City Capital LLC lifted its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 8.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 66,303 shares of the construction company’s stock after acquiring an additional 4,964 shares during the quarter. Sterling Infrastructure makes up 3.0% of Bridge City Capital LLC’s investment portfolio, making the stock its largest position. Bridge City Capital LLC’s holdings in Sterling Infrastructure were worth $11,169,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quest Partners LLC boosted its stake in Sterling Infrastructure by 212.4% in the 3rd quarter. Quest Partners LLC now owns 3,624 shares of the construction company’s stock worth $526,000 after purchasing an additional 2,464 shares during the period. Pathstone Holdings LLC boosted its stake in Sterling Infrastructure by 157.1% in the 3rd quarter. Pathstone Holdings LLC now owns 9,900 shares of the construction company’s stock worth $1,436,000 after purchasing an additional 6,049 shares during the period. Commerce Bank boosted its stake in Sterling Infrastructure by 29.5% in the 3rd quarter. Commerce Bank now owns 2,986 shares of the construction company’s stock worth $433,000 after purchasing an additional 680 shares during the period. Intech Investment Management LLC bought a new position in Sterling Infrastructure in the 3rd quarter worth about $1,513,000. Finally, Citigroup Inc. boosted its stake in Sterling Infrastructure by 183.9% in the 3rd quarter. Citigroup Inc. now owns 35,960 shares of the construction company’s stock worth $5,215,000 after purchasing an additional 23,295 shares during the period. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Stock Performance

Shares of NASDAQ STRL opened at $126.63 on Friday. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 21.39, a P/E/G ratio of 1.28 and a beta of 1.32. 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 1-year low of $93.50 and a 1-year high of $206.07. The stock’s 50-day moving average is $140.05 and its 200 day moving average is $155.70.

Wall Street Analyst Weigh In

Several research analysts have commented on STRL shares. DA Davidson upgraded Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a research note on Thursday, February 27th. William Blair assumed coverage on Sterling Infrastructure in a research note on Friday, January 17th. They issued an “outperform” rating for the company. Finally, StockNews.com upgraded Sterling Infrastructure from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th.

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.