Sterling Infrastructure, Inc. (NASDAQ:STRL) Holdings Lowered by HighTower Advisors LLC

HighTower Advisors LLC lowered its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 12.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,120 shares of the construction company’s stock after selling 1,020 shares during the quarter. HighTower Advisors LLC’s holdings in Sterling Infrastructure were worth $1,199,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of STRL. Quarry LP lifted its stake in Sterling Infrastructure by 510.7% in the 3rd quarter. Quarry LP now owns 171 shares of the construction company’s stock worth $25,000 after acquiring an additional 143 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Sterling Infrastructure in the 4th quarter valued at approximately $39,000. Arcadia Investment Management Corp MI acquired a new position in Sterling Infrastructure in the 4th quarter valued at approximately $71,000. Private Trust Co. NA purchased a new stake in Sterling Infrastructure in the 3rd quarter worth approximately $78,000. Finally, Venturi Wealth Management LLC boosted its stake in shares of Sterling Infrastructure by 1,369.0% during the 4th quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company’s stock valued at $104,000 after buying an additional 575 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on STRL. William Blair assumed coverage on Sterling Infrastructure in a research note on Friday, January 17th. They set an “outperform” rating for the company. DA Davidson upgraded Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a report on Thursday, February 27th. Finally, StockNews.com downgraded Sterling Infrastructure from a “buy” rating to a “hold” rating in a research note on Monday.

Sterling Infrastructure Trading Down 2.0 %

Shares of STRL stock opened at $131.29 on Wednesday. Sterling Infrastructure, Inc. has a 12 month low of $93.50 and a 12 month high of $206.07. The business’s 50 day moving average is $138.68 and its two-hundred day moving average is $156.36. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The company has a market cap of $4.02 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32.

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.