Two Sigma Investments LP Has $11.36 Million Stake in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Two Sigma Investments LP decreased its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 37.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,413 shares of the construction company’s stock after selling 41,114 shares during the quarter. Two Sigma Investments LP’s holdings in Sterling Infrastructure were worth $11,356,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bay Rivers Group acquired a new stake in shares of Sterling Infrastructure in the 4th quarter valued at about $341,000. Convergence Investment Partners LLC grew its stake in shares of 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 acquiring an additional 3,002 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Sterling Infrastructure by 7.9% during 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. Park Avenue Securities LLC bought a new position in shares of Sterling Infrastructure during the 4th quarter worth approximately $253,000. Finally, Spire Wealth Management grew its stake in shares of Sterling Infrastructure by 265.1% during the 4th quarter. Spire Wealth Management now owns 8,792 shares of the construction company’s stock worth $1,481,000 after acquiring an additional 6,384 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a research note on Thursday. DA Davidson upgraded shares of 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.

Sterling Infrastructure Trading Up 1.2%

Sterling Infrastructure stock opened at $184.40 on Friday. Sterling Infrastructure, Inc. has a one year low of $93.50 and a one year high of $206.07. The company has a market cap of $5.61 billion, a price-to-earnings ratio of 31.15, a P/E/G ratio of 1.28 and a beta of 1.27. 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 firm has a 50-day moving average of $146.88 and a 200-day moving average of $156.76.

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.