Russell Investments Group Ltd. Sells 31,635 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Russell Investments Group Ltd. lowered its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 25.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 94,353 shares of the construction company's stock after selling 31,635 shares during the quarter. Russell Investments Group Ltd. owned 0.31% of Sterling Infrastructure worth $15,894,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in STRL. Quarry LP boosted its holdings in Sterling Infrastructure by 510.7% during the third quarter. Quarry LP now owns 171 shares of the construction company's stock worth $25,000 after purchasing an additional 143 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Sterling Infrastructure by 22.9% in the 3rd quarter. Stifel Financial Corp now owns 23,418 shares of the construction company's stock valued at $3,396,000 after acquiring an additional 4,359 shares in the last quarter. State Street Corp increased its position 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 acquiring an additional 5,106 shares during the last quarter. XTX Topco Ltd bought a new stake in Sterling Infrastructure during the third quarter worth about $934,000. Finally, Orion Portfolio Solutions LLC acquired a new position in Sterling Infrastructure during the third quarter valued at approximately $207,000. 80.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

STRL has been the topic of a number of analyst reports. StockNews.com cut Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th. William Blair began coverage on shares of Sterling Infrastructure in a research report on Friday, January 17th. They issued an "outperform" rating for the company. Finally, 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.

Remove Ads

Sterling Infrastructure Stock Performance

Sterling Infrastructure stock traded up $6.07 during mid-day trading on Tuesday, hitting $141.30. 609,044 shares of the company's stock traded hands, compared to its average volume of 442,029. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a 50 day simple moving average of $124.64 and a two-hundred day simple moving average of $154.73. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two week high of $206.07. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of 23.87, a P/E/G ratio of 1.28 and a beta of 1.19.

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.