Sterling Infrastructure (NASDAQ:STRL) Trading Down 5.2% – Time to Sell?

Sterling Infrastructure, Inc. (NASDAQ:STRL) shares dropped 5.2% during mid-day trading on Thursday . The company traded as low as $132.48 and last traded at $133.03. Approximately 111,473 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 448,602 shares. The stock had previously closed at $140.40.

Analysts Set New Price Targets

Several equities analysts recently commented on STRL shares. William Blair assumed coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They set an “outperform” rating for the company. StockNews.com lowered Sterling Infrastructure from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th.

Sterling Infrastructure Stock Performance

The stock has a market capitalization of $3.98 billion, a P/E ratio of 21.95, a PEG ratio of 1.53 and a beta of 1.24. 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 firm has a 50-day moving average of $169.08 and a 200 day moving average of $153.74.

Insider Activity at Sterling Infrastructure

In related news, Director Dana C. O’brien sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total value of $351,780.00. Following the sale, the director now owns 25,901 shares of the company’s stock, valued at $4,555,726.89. The trade was a 7.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of STRL. Quarry LP grew its holdings in shares of 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 purchasing an additional 143 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Sterling Infrastructure during the third quarter worth about $26,000. Huntington National Bank grew its stake in Sterling Infrastructure by 21,300.0% during the third quarter. Huntington National Bank now owns 214 shares of the construction company’s stock worth $31,000 after buying an additional 213 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Sterling Infrastructure during the fourth quarter worth approximately $39,000. Finally, Signaturefd LLC raised its stake in shares of Sterling Infrastructure by 119.3% in the third quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock valued at $43,000 after acquiring an additional 161 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

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.