Delphi Management Inc. MA Sells 3,618 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Delphi Management Inc. MA lowered its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 30.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,149 shares of the construction company’s stock after selling 3,618 shares during the period. Delphi Management Inc. MA’s holdings in Sterling Infrastructure were worth $1,373,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Assetmark Inc. increased its holdings in Sterling Infrastructure by 357.6% during the 3rd quarter. Assetmark Inc. now owns 1,121 shares of the construction company’s stock worth $163,000 after acquiring an additional 876 shares during the period. Atria Investments Inc increased its holdings in shares of Sterling Infrastructure by 10.7% in the 3rd quarter. Atria Investments Inc now owns 6,594 shares of the construction company’s stock worth $956,000 after buying an additional 636 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Sterling Infrastructure by 8.5% in the 3rd quarter. Victory Capital Management Inc. now owns 59,861 shares of the construction company’s stock worth $8,681,000 after buying an additional 4,707 shares during the last quarter. KBC Group NV increased its holdings in shares of Sterling Infrastructure by 29.0% in the 3rd quarter. KBC Group NV now owns 993 shares of the construction company’s stock worth $144,000 after buying an additional 223 shares during the last quarter. Finally, Huntington National Bank increased 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 buying an additional 213 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Trading Down 0.7 %

NASDAQ:STRL opened at $120.49 on Tuesday. The company has a 50-day moving average price of $143.41 and a 200-day moving average price of $155.74. Sterling Infrastructure, Inc. has a 12 month low of $93.50 and a 12 month 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 $3.69 billion, a price-to-earnings ratio of 20.35, a P/E/G ratio of 1.28 and a beta of 1.32.

Analysts Set New Price Targets

A number of brokerages have recently commented on STRL. William Blair began coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They issued an “outperform” rating on the stock. 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. Finally, StockNews.com raised shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th.

Insider Buying and Selling

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

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.