Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its stake in Sterling Infrastructure, Inc. (NASDAQ:STRLFree Report) by 36.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,434 shares of the construction company’s stock after acquiring an additional 3,586 shares during the quarter. Principal Financial Group Inc.’s holdings in Sterling Infrastructure were worth $987,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of STRL. BlackRock Inc. boosted its holdings in Sterling Infrastructure by 19.0% in the 1st quarter. BlackRock Inc. now owns 3,377,877 shares of the construction company’s stock worth $127,954,000 after acquiring an additional 538,387 shares during the period. Royal Bank of Canada raised its position in shares of Sterling Infrastructure by 2,182.7% in the 2nd quarter. Royal Bank of Canada now owns 351,172 shares of the construction company’s stock valued at $19,596,000 after purchasing an additional 335,788 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Sterling Infrastructure by 262.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 355,421 shares of the construction company’s stock valued at $19,832,000 after purchasing an additional 257,364 shares in the last quarter. Invesco Ltd. raised its position in shares of Sterling Infrastructure by 43.5% in the 1st quarter. Invesco Ltd. now owns 600,014 shares of the construction company’s stock valued at $16,080,000 after purchasing an additional 181,777 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of Sterling Infrastructure by 98.6% in the 4th quarter. Morgan Stanley now owns 295,261 shares of the construction company’s stock valued at $9,685,000 after purchasing an additional 146,578 shares in the last quarter. Hedge funds and other institutional investors own 80.89% of the company’s stock.

Sterling Infrastructure Stock Performance

STRL stock opened at $83.43 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. The firm has a market cap of $2.57 billion, a P/E ratio of 19.86, a P/E/G ratio of 0.87 and a beta of 1.11. Sterling Infrastructure, Inc. has a 12-month low of $34.23 and a 12-month high of $89.80. The stock’s 50 day simple moving average is $77.99 and its 200 day simple moving average is $74.17.

Sterling Infrastructure Company Profile

(Free Report)

Sterling Infrastructure, Inc engages in the e-infrastructure, transportation, and building solutions primarily in the Southern United States, the Northeastern and Mid-Atlantic United States, the Rocky Mountain states, California, and Hawaii. It undertakes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, light rail, water, wastewater, and storm drainage systems for the departments of transportation in various states, regional transit authorities, airport authorities, port authorities, water authorities and railroads.

Further Reading

Institutional Ownership by Quarter for Sterling Infrastructure (NASDAQ:STRL)

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