Sterling Infrastructure, Inc. (NASDAQ:STRL) Stock Position Lifted by American Century Companies Inc.

American Century Companies Inc. grew its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 291,458 shares of the construction company’s stock after acquiring an additional 3,831 shares during the quarter. American Century Companies Inc.’s holdings in Sterling Infrastructure were worth $49,096,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in STRL. State Street Corp boosted its holdings in Sterling Infrastructure by 0.7% in the third quarter. State Street Corp now owns 713,234 shares of the construction company’s stock worth $103,433,000 after purchasing an additional 5,106 shares during the period. Bay Rivers Group bought a new position in shares of Sterling Infrastructure in the 4th quarter worth about $341,000. Convergence Investment Partners LLC boosted its holdings in shares of Sterling Infrastructure by 47.7% in the 4th quarter. Convergence Investment Partners LLC now owns 9,297 shares of the construction company’s stock valued at $1,566,000 after buying an additional 3,002 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of 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 buying an additional 49,008 shares during the period. Finally, Park Avenue Securities LLC bought a new stake in shares of Sterling Infrastructure during the 4th quarter valued at about $253,000. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Trading Down 4.4 %

Shares of NASDAQ:STRL opened at $125.56 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The company’s 50-day moving average price is $137.65 and its 200 day moving average price is $156.14. The company has a market cap of $3.84 billion, a PE ratio of 21.21, a P/E/G ratio of 1.28 and a beta of 1.32. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two week high of $206.07.

Wall Street Analyst Weigh In

A number of brokerages have issued reports 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. StockNews.com downgraded Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Monday. Finally, DA Davidson upgraded Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a research note on Thursday, February 27th.

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.