Drum Hill Capital LLC Makes New $266,000 Investment in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Drum Hill Capital LLC bought a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,580 shares of the construction company’s stock, valued at approximately $266,000.

Other large investors have also made changes to their positions in the company. Principal Financial Group Inc. lifted its position in Sterling Infrastructure by 1,088.1% during the 3rd quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company’s stock valued at $51,561,000 after purchasing an additional 325,620 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Sterling Infrastructure in the fourth quarter valued at approximately $47,712,000. International Assets Investment Management LLC boosted its stake in Sterling Infrastructure by 14,112.0% in the third quarter. International Assets Investment Management LLC now owns 142,120 shares of the construction company’s stock valued at $20,610,000 after acquiring an additional 141,120 shares during the last quarter. WCM Investment Management LLC acquired a new stake in Sterling Infrastructure during the 4th quarter worth $18,019,000. Finally, Congress Asset Management Co. lifted its stake in shares of Sterling Infrastructure by 19.1% in the 3rd quarter. Congress Asset Management Co. now owns 647,924 shares of the construction company’s stock valued at $93,962,000 after purchasing an additional 104,096 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Stock Performance

Shares of STRL stock opened at $116.29 on Friday. 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 $83.40 and a 52 week high of $206.07. The company’s 50 day moving average price is $160.76 and its two-hundred day moving average price is $154.31. The company has a market capitalization of $3.57 billion, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 1.31 and a beta of 1.24.

Wall Street Analyst Weigh In

STRL has been the topic of a number of analyst reports. William Blair assumed coverage on shares of Sterling Infrastructure in a research report on Friday, January 17th. They issued an “outperform” rating on the stock. StockNews.com raised Sterling Infrastructure from a “hold” rating to a “buy” rating in a research note on Thursday.

Insider Buying and Selling

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the 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. This represents a 7.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.70% of the stock is currently owned by company insiders.

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.