Meeder Asset Management Inc. Increases Stock Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Meeder Asset Management Inc. grew its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 126.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,752 shares of the construction company’s stock after purchasing an additional 4,335 shares during the quarter. Meeder Asset Management Inc.’s holdings in Sterling Infrastructure were worth $1,306,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of STRL. State Street Corp grew its holdings in Sterling Infrastructure by 0.7% during the 3rd quarter. State Street Corp now owns 713,234 shares of the construction company’s stock valued at $103,433,000 after buying an additional 5,106 shares during the last quarter. Bay Rivers Group acquired a new stake in shares of Sterling Infrastructure during the fourth quarter valued at $341,000. Convergence Investment Partners LLC increased its position in Sterling Infrastructure by 47.7% during the 4th quarter. Convergence Investment Partners LLC now owns 9,297 shares of the construction company’s stock worth $1,566,000 after purchasing an additional 3,002 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake 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. Finally, Park Avenue Securities LLC purchased a new position in Sterling Infrastructure in the 4th quarter valued at about $253,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

STRL has been the subject of a number of analyst reports. StockNews.com lowered shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. 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. Finally, DA Davidson upgraded Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a report on Thursday, February 27th.

Sterling Infrastructure Stock Down 0.7 %

STRL opened at $116.15 on Monday. Sterling Infrastructure, Inc. has a 12 month low of $93.50 and a 12 month high of $206.07. The business has a 50-day moving average of $135.10 and a two-hundred day moving average of $156.50. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32.

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.