Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lessened its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 713,562 shares of the construction company's stock after selling 6,418 shares during the period. Geode Capital Management LLC owned approximately 2.32% of Sterling Infrastructure worth $120,227,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Sterling Infrastructure by 30.0% in the fourth quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company's stock worth $425,135,000 after acquiring an additional 581,847 shares during the last quarter. State Street Corp increased its holdings in shares of 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 purchasing an additional 5,106 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of 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 during the period. GW&K Investment Management LLC grew its holdings in shares of Sterling Infrastructure by 3.4% in the fourth quarter. GW&K Investment Management LLC now owns 363,251 shares of the construction company's stock valued at $61,190,000 after purchasing an additional 12,064 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in 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 valued at $51,561,000 after purchasing an additional 325,620 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

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Sterling Infrastructure Trading Down 1.2 %

Shares of STRL stock traded down $1.60 on Monday, hitting $135.50. The stock had a trading volume of 62,073 shares, compared to its average volume of 439,218. The company's 50 day moving average price is $124.81 and its 200-day moving average price is $154.79. Sterling Infrastructure, Inc. has a 1 year low of $93.50 and a 1 year high of $206.07. The firm has a market capitalization of $4.12 billion, a P/E ratio of 22.89, a P/E/G ratio of 1.28 and a beta of 1.19. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. 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. William Blair initiated coverage on shares of Sterling Infrastructure in a research report on Friday, January 17th. They issued an "outperform" rating on the stock. Finally, StockNews.com cut shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th.

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.