Csenge Advisory Group Has $1.83 Million Stake in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Csenge Advisory Group trimmed its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 29.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,861 shares of the construction company's stock after selling 4,617 shares during the period. Csenge Advisory Group's holdings in Sterling Infrastructure were worth $1,830,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp increased its stake in Sterling Infrastructure by 0.7% in the third quarter. State Street Corp now owns 713,234 shares of the construction company's stock valued at $103,433,000 after acquiring an additional 5,106 shares during the last quarter. Bay Rivers Group bought a new position in Sterling Infrastructure in the fourth quarter valued at approximately $341,000. Allspring Global Investments Holdings LLC increased its stake in Sterling Infrastructure by 7.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company's stock valued at $111,873,000 after acquiring an additional 49,008 shares during the last quarter. Park Avenue Securities LLC bought a new position in Sterling Infrastructure in the fourth quarter valued at approximately $253,000. Finally, Spire Wealth Management increased its stake in Sterling Infrastructure by 265.1% in the fourth quarter. Spire Wealth Management now owns 8,792 shares of the construction company's stock valued at $1,481,000 after acquiring an additional 6,384 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

STRL has been the topic of a number of recent analyst reports. William Blair initiated coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an "outperform" rating on the stock. StockNews.com cut shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th.

Sterling Infrastructure Price Performance

Shares of NASDAQ STRL traded down $2.45 during midday trading on Thursday, reaching $124.27. 771,642 shares of the company were exchanged, compared to its average volume of 504,077. The stock's 50-day moving average price is $162.04 and its 200-day moving average price is $154.21. The stock has a market cap of $3.82 billion, a P/E ratio of 20.99, a PEG ratio of 1.35 and a beta of 1.24. Sterling Infrastructure, Inc. has a one year low of $81.25 and a one year high of $206.07. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41.

Insiders Place Their Bets

In other news, Director Dana C. O'brien sold 2,000 shares of Sterling Infrastructure 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 transaction, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.70% of the company's stock.

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.