Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Bought by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. raised its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 55.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,507 shares of the construction company's stock after purchasing an additional 3,038 shares during the quarter. Cookson Peirce & Co. Inc.'s holdings in Sterling Infrastructure were worth $1,433,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chartwell Investment Partners LLC raised its position in Sterling Infrastructure by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 8,958 shares of the construction company's stock valued at $1,299,000 after purchasing an additional 70 shares during the period. Kovack Advisors Inc. raised its position in Sterling Infrastructure by 3.2% in the fourth quarter. Kovack Advisors Inc. now owns 2,914 shares of the construction company's stock valued at $491,000 after purchasing an additional 91 shares during the period. Willis Investment Counsel raised its position in Sterling Infrastructure by 1.4% in the fourth quarter. Willis Investment Counsel now owns 7,535 shares of the construction company's stock valued at $1,269,000 after purchasing an additional 101 shares during the period. Quarry LP raised its position in Sterling Infrastructure by 510.7% in the third quarter. Quarry LP now owns 171 shares of the construction company's stock valued at $25,000 after purchasing an additional 143 shares during the period. Finally, Aprio Wealth Management LLC raised its position in Sterling Infrastructure by 5.4% in the fourth quarter. Aprio Wealth Management LLC now owns 3,161 shares of the construction company's stock valued at $532,000 after purchasing an additional 161 shares during the period. Hedge funds and other institutional investors own 80.95% of the company's stock.

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Sterling Infrastructure Stock Down 2.3 %

Shares of NASDAQ:STRL traded down $2.72 during trading on Friday, hitting $118.00. The company's stock had a trading volume of 643,851 shares, compared to its average volume of 635,690. The business has a 50 day moving average price of $149.96 and a two-hundred day moving average price of $155.15. The company has a market capitalization of $3.61 billion, a PE ratio of 19.93, a P/E/G ratio of 1.28 and a beta of 1.32. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two week high of $206.07.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. William Blair assumed coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an "outperform" rating for the company. StockNews.com upgraded shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a research note on Thursday. Finally, DA Davidson upgraded shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price target for the company in a research note on Thursday, February 27th.

Insiders Place Their Bets

In related news, Director Dana C. O'brien sold 2,000 shares of the business's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total transaction of $351,780.00. Following the completion of the transaction, the director now owns 25,901 shares in the company, valued at approximately $4,555,726.89. The trade was a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.70% of the company's stock.

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.