Lisanti Capital Growth LLC Increases Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Lisanti Capital Growth LLC lifted its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 401.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 21,015 shares of the construction company’s stock after acquiring an additional 16,820 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Sterling Infrastructure were worth $3,540,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP boosted its stake 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 buying an additional 143 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Sterling Infrastructure in the 3rd quarter worth approximately $26,000. Huntington National Bank raised its holdings in shares of Sterling Infrastructure by 21,300.0% in the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company’s stock worth $31,000 after purchasing an additional 213 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Sterling Infrastructure in the 4th quarter worth approximately $39,000. Finally, Arcadia Investment Management Corp MI bought a new stake in shares of Sterling Infrastructure in the 4th quarter worth approximately $71,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Trading Down 6.2 %

Shares of STRL stock opened at $120.72 on Friday. The company’s fifty day simple moving average is $151.05 and its two-hundred day simple moving average is $155.12. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. Sterling Infrastructure, Inc. has a 1 year low of $93.50 and a 1 year high of $206.07. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 1.28 and a beta of 1.24.

Insider Buying and Selling at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total transaction 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 legal filing with the SEC, which is available through this link. Insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

STRL has been the topic of a number of research reports. William Blair initiated coverage on shares of Sterling Infrastructure in a report 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 report on Thursday. Finally, DA Davidson raised shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a report on Thursday, February 27th.

Sterling Infrastructure 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.