Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. decreased its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 20.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,730 shares of the construction company's stock after selling 10,204 shares during the period. Advisors Asset Management Inc. owned 0.13% of Sterling Infrastructure worth $6,861,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of Sterling Infrastructure by 0.7% in the 3rd quarter. State Street Corp now owns 713,234 shares of the construction company's stock worth $103,433,000 after buying an additional 5,106 shares during the period. Bay Rivers Group bought a new stake in shares of Sterling Infrastructure in the fourth quarter valued at about $341,000. Convergence Investment Partners LLC lifted its stake in Sterling Infrastructure by 47.7% in the fourth quarter. Convergence Investment Partners LLC now owns 9,297 shares of the construction company's stock worth $1,566,000 after acquiring an additional 3,002 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Sterling Infrastructure by 7.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company's stock worth $111,873,000 after acquiring an additional 49,008 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new position in Sterling Infrastructure during the 4th quarter valued at about $253,000. Institutional investors own 80.95% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on STRL. StockNews.com raised shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. William Blair assumed coverage on Sterling Infrastructure in a report on Friday, January 17th. They set an "outperform" rating for the company. Finally, DA Davidson raised Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a research report on Thursday, February 27th.

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Sterling Infrastructure Stock Up 0.6 %

Shares of NASDAQ:STRL traded up $0.70 during trading on Friday, reaching $126.63. The stock had a trading volume of 837,752 shares, compared to its average volume of 394,177. The firm's 50-day simple moving average is $140.05 and its 200 day simple moving average is $155.70. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. Sterling Infrastructure, Inc. has a one year low of $93.50 and a one year high of $206.07. The company has a market capitalization of $3.88 billion, a P/E ratio of 21.39, a PEG ratio of 1.28 and a beta of 1.32.

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.