F M Investments LLC Has $7.41 Million Stock Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

F M Investments LLC reduced its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 64.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,010 shares of the construction company's stock after selling 81,151 shares during the quarter. F M Investments LLC owned 0.14% of Sterling Infrastructure worth $7,413,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in STRL. Quarry LP raised its holdings in Sterling Infrastructure by 510.7% during the 3rd quarter. Quarry LP now owns 171 shares of the construction company's stock worth $25,000 after buying an additional 143 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Sterling Infrastructure during the fourth quarter valued at approximately $39,000. Huntington National Bank raised its holdings in shares of Sterling Infrastructure by 34.6% during the fourth quarter. Huntington National Bank now owns 288 shares of the construction company's stock valued at $49,000 after acquiring an additional 74 shares during the period. National Bank of Canada FI purchased a new stake in shares of Sterling Infrastructure in the 4th quarter valued at approximately $56,000. Finally, Arcadia Investment Management Corp MI acquired a new position in Sterling Infrastructure in the 4th quarter worth approximately $71,000. 80.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on STRL. DA Davidson raised shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a research note on Thursday, February 27th. William Blair began coverage on Sterling Infrastructure in a research note on Friday, January 17th. They issued an "outperform" rating for the company. Finally, StockNews.com cut Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th.

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Sterling Infrastructure Stock Up 5.5 %

STRL stock traded up $7.41 during trading hours on Tuesday, hitting $142.64. The company's stock had a trading volume of 801,067 shares, compared to its average volume of 442,712. The stock has a 50 day moving average price of $124.64 and a two-hundred day moving average price of $154.73. Sterling Infrastructure, Inc. has a 12 month low of $93.50 and a 12 month high of $206.07. The company has a market capitalization of $4.34 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 1.28 and a beta of 1.19. 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 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.