Lisanti Capital Growth LLC Acquires 16,820 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Lisanti Capital Growth LLC lifted its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 401.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,015 shares of the construction company’s stock after acquiring an additional 16,820 shares during the period. Lisanti Capital Growth LLC owned approximately 0.07% of Sterling Infrastructure worth $3,540,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in STRL. Principal Financial Group Inc. raised its position in shares of Sterling Infrastructure by 1,088.1% in the 3rd quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company’s stock worth $51,561,000 after acquiring an additional 325,620 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Sterling Infrastructure in the 4th quarter worth about $47,712,000. WCM Investment Management LLC bought a new position in shares of Sterling Infrastructure in the 4th quarter worth about $18,019,000. Raymond James Financial Inc. bought a new position in shares of Sterling Infrastructure in the 4th quarter worth about $16,712,000. Finally, Allspring Global Investments Holdings LLC raised its position 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 worth $111,873,000 after acquiring an additional 49,008 shares in the last quarter. 80.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently 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 started 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 note on Thursday.

Sterling Infrastructure Price Performance

STRL stock opened at $120.72 on Friday. The company has a market capitalization of $3.69 billion, a P/E ratio of 20.39, a price-to-earnings-growth ratio of 1.28 and a beta of 1.24. 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 52-week low of $93.50 and a 52-week high of $206.07. The business has a 50-day simple moving average of $151.05 and a two-hundred day simple moving average of $155.12.

Insider Buying and Selling at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of Sterling Infrastructure stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total transaction of $351,780.00. Following the completion of the transaction, the director now owns 25,901 shares in the company, valued at approximately $4,555,726.89. The trade was a 7.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.70% of the company’s stock.

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.