Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by Delphi Management Inc. MA

Delphi Management Inc. MA reduced its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 30.7% in the 4th quarter, according to its most recent filing with the SEC. The fund 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.

A number of other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in shares of Sterling Infrastructure by 1,088.1% in the 3rd quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company's stock worth $51,561,000 after acquiring an additional 325,620 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Sterling Infrastructure in the 4th quarter valued at approximately $47,712,000. WCM Investment Management LLC acquired a new position in Sterling Infrastructure during the 4th quarter worth approximately $18,019,000. Raymond James Financial Inc. acquired a new stake in shares of Sterling Infrastructure in the 4th quarter valued at approximately $16,712,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Sterling Infrastructure by 7.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company's stock valued at $111,873,000 after buying an additional 49,008 shares during the period. 80.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. William Blair assumed coverage on Sterling Infrastructure in a report on Friday, January 17th. They issued an "outperform" rating on the stock. StockNews.com upgraded Sterling Infrastructure from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Finally, DA Davidson upgraded Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price objective for the company in a research report on Thursday, February 27th.

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Sterling Infrastructure Trading Up 0.6 %

Shares of Sterling Infrastructure stock traded up $0.70 during trading hours on Friday, reaching $126.63. 837,744 shares of the company's stock were exchanged, compared to its average volume of 394,165. Sterling Infrastructure, Inc. has a 52-week low of $93.50 and a 52-week high of $206.07. The company has a fifty day moving average of $140.79 and a 200-day moving average of $155.32. 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 firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32.

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.