Advantage Alpha Capital Partners LP Invests $1.98 Million in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Advantage Alpha Capital Partners LP bought a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 4th quarter, HoldingsChannel reports. The firm bought 11,761 shares of the construction company’s stock, valued at approximately $1,981,000.

Several other hedge funds and other institutional investors have also made changes to their positions in STRL. State Street Corp grew its holdings in shares of Sterling Infrastructure by 0.7% in the third quarter. State Street Corp now owns 713,234 shares of the construction company’s stock valued at $103,433,000 after purchasing an additional 5,106 shares during the period. Bay Rivers Group purchased a new stake in shares of Sterling Infrastructure during the fourth quarter worth $341,000. Convergence Investment Partners LLC boosted its stake 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 grew its stake in shares of Sterling Infrastructure by 7.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company’s stock worth $111,873,000 after purchasing an additional 49,008 shares in the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in Sterling Infrastructure during the fourth quarter worth approximately $253,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on STRL. StockNews.com raised Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. DA Davidson upgraded shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a research report on Thursday, February 27th. Finally, William Blair started coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an “outperform” rating for the company.

Sterling Infrastructure Stock Performance

Shares of NASDAQ:STRL opened at $126.63 on Monday. The business has a 50-day moving average of $140.05 and a two-hundred day moving average of $156.03. The firm has a market capitalization of $3.88 billion, a PE ratio of 21.39, a P/E/G ratio of 1.28 and a beta of 1.32. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. Sterling Infrastructure, Inc. has a 12 month low of $93.50 and a 12 month high of $206.07.

Sterling Infrastructure 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.