GW&K Investment Management LLC Has $61.19 Million Stock Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

GW&K Investment Management LLC increased its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 363,251 shares of the construction company’s stock after buying an additional 12,064 shares during the period. GW&K Investment Management LLC’s holdings in Sterling Infrastructure were worth $61,190,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in Sterling Infrastructure by 0.5% in the third quarter. Geode Capital Management LLC now owns 719,980 shares of the construction company’s stock worth $104,431,000 after acquiring an additional 3,918 shares in the last quarter. State Street Corp raised its position in shares of Sterling Infrastructure by 0.7% during the third quarter. State Street Corp now owns 713,234 shares of the construction company’s stock worth $103,433,000 after purchasing an additional 5,106 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings 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 purchasing an additional 49,008 shares in the last quarter. Congress Asset Management Co. grew its position in 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. Finally, Loomis Sayles & Co. L P increased its stake in Sterling Infrastructure by 4.9% during the 3rd quarter. Loomis Sayles & Co. L P now owns 380,972 shares of the construction company’s stock valued at $55,248,000 after purchasing an additional 17,863 shares in the last quarter. 80.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

STRL has been the topic of a number of recent research reports. William Blair assumed coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an “outperform” rating on the stock. StockNews.com raised shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a research report on Thursday, February 20th. Finally, DA Davidson raised Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a report on Thursday.

Sterling Infrastructure Price Performance

Shares of NASDAQ:STRL opened at $123.15 on Friday. Sterling Infrastructure, Inc. has a 1-year low of $93.50 and a 1-year high of $206.07. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The stock has a market cap of $3.78 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 1.28 and a beta of 1.24. The stock’s fifty day simple moving average is $157.22 and its two-hundred day simple moving average is $154.86.

Insider Activity at Sterling Infrastructure

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

Sterling Infrastructure Company 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.