Horizon Investment Services LLC Sells 5,232 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Horizon Investment Services LLC lessened its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 24.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,330 shares of the construction company's stock after selling 5,232 shares during the quarter. Sterling Infrastructure makes up approximately 1.2% of Horizon Investment Services LLC's portfolio, making the stock its 29th biggest holding. Horizon Investment Services LLC owned 0.05% of Sterling Infrastructure worth $2,751,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Pathstone Holdings LLC increased its holdings in Sterling Infrastructure by 157.1% in the 3rd quarter. Pathstone Holdings LLC now owns 9,900 shares of the construction company's stock worth $1,436,000 after acquiring an additional 6,049 shares during the last quarter. Citigroup Inc. raised its stake in Sterling Infrastructure by 183.9% in the third quarter. Citigroup Inc. now owns 35,960 shares of the construction company's stock valued at $5,215,000 after purchasing an additional 23,295 shares in the last quarter. Cerity Partners LLC raised its position in shares of Sterling Infrastructure by 62.2% during the 3rd quarter. Cerity Partners LLC now owns 5,184 shares of the construction company's stock valued at $752,000 after buying an additional 1,988 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Sterling Infrastructure during the third quarter worth about $591,000. Finally, Private Trust Co. NA bought a new stake in Sterling Infrastructure in the 3rd quarter worth approximately $78,000. Hedge funds and other institutional investors own 80.95% of the company's stock.

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Analyst Ratings Changes

Several research firms recently commented 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 report on Thursday, February 27th. William Blair initiated coverage on shares of Sterling Infrastructure in a research report on Friday, January 17th. They set an "outperform" rating for the company. Finally, StockNews.com upgraded Sterling Infrastructure from a "hold" rating to a "buy" rating in a report on Tuesday.

Sterling Infrastructure Trading Up 2.9 %

NASDAQ:STRL traded up $3.41 during midday trading on Wednesday, reaching $119.05. 318,554 shares of the stock traded hands, compared to its average volume of 410,208. The stock has a market capitalization of $3.62 billion, a P/E ratio of 20.11, a PEG ratio of 1.28 and a beta of 1.32. Sterling Infrastructure, Inc. has a 12 month low of $93.50 and a 12 month high of $206.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The company has a fifty day moving average of $132.09 and a 200 day moving average of $156.35.

About Sterling Infrastructure

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.