WCM Investment Management LLC Acquires Shares of 105,745 Sterling Infrastructure, Inc. (NASDAQ:STRL)

WCM Investment Management LLC purchased a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 105,745 shares of the construction company's stock, valued at approximately $18,019,000. WCM Investment Management LLC owned 0.34% of Sterling Infrastructure as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of STRL. Quarry LP grew its position in shares of Sterling Infrastructure by 510.7% during the third quarter. Quarry LP now owns 171 shares of the construction company's stock worth $25,000 after buying an additional 143 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Sterling Infrastructure in the 3rd quarter valued at about $26,000. Huntington National Bank grew its position in shares of 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 acquiring an additional 213 shares during the last quarter. Signaturefd LLC increased its stake in 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 purchasing an additional 161 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Sterling Infrastructure during the 3rd quarter valued at approximately $44,000. 80.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on STRL shares. StockNews.com lowered shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. William Blair began coverage on Sterling Infrastructure in a report on Friday, January 17th. They issued an "outperform" rating for the company.

Insider Buying and Selling at Sterling Infrastructure

In related news, Director Dana C. O'brien sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total value 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. The trade was a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is owned by insiders.

Sterling Infrastructure Price Performance

Shares of Sterling Infrastructure stock traded down $4.48 during trading on Wednesday, hitting $140.40. 417,464 shares of the company were exchanged, compared to its average volume of 461,405. The firm has a 50 day moving average price of $169.08 and a 200 day moving average price of $153.74. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 23.72, a P/E/G 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. Sterling Infrastructure, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $206.07.

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.