Sterling Infrastructure, Inc. (NASDAQ:STRL) Position Reduced by Great Lakes Advisors LLC

Great Lakes Advisors LLC reduced its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 33.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,715 shares of the construction company’s stock after selling 16,795 shares during the period. Great Lakes Advisors LLC’s holdings in Sterling Infrastructure were worth $5,511,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Truvestments Capital LLC grew its stake in Sterling Infrastructure by 18.4% in the fourth quarter. Truvestments Capital LLC now owns 7,069 shares of the construction company’s stock worth $1,191,000 after purchasing an additional 1,097 shares in the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new position in Sterling Infrastructure during the 4th quarter worth approximately $1,063,000. Prosperity Financial Group Inc. acquired a new position in shares of Sterling Infrastructure in the 4th quarter worth approximately $233,000. Moran Wealth Management LLC bought a new stake in shares of Sterling Infrastructure in the 4th quarter valued at approximately $429,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Sterling Infrastructure by 13.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,583 shares of the construction company’s stock valued at $1,446,000 after acquiring an additional 1,043 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on STRL shares. StockNews.com raised shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. William Blair started coverage on Sterling Infrastructure in a research report on Friday, January 17th. They set an “outperform” rating for the company. Finally, DA Davidson raised shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a report on Thursday, February 27th.

Sterling Infrastructure Stock Performance

Shares of NASDAQ STRL opened at $117.81 on Friday. Sterling Infrastructure, Inc. has a 12-month low of $93.50 and a 12-month high of $206.07. The company has a market cap of $3.61 billion, a PE ratio of 19.90, a P/E/G ratio of 1.28 and a beta of 1.32. The stock has a 50 day simple moving average of $145.68 and a 200-day simple moving average of $155.17. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41.

Insiders Place Their Bets

In related news, Director Dana C. O’brien sold 2,000 shares of Sterling Infrastructure 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 sale, the director now directly owns 25,901 shares in the company, valued at $4,555,726.89. The trade was a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.80% of the stock is currently owned by insiders.

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.