Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC lowered its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 33.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,715 shares of the construction company's stock after selling 16,795 shares during the quarter. Great Lakes Advisors LLC owned about 0.11% of Sterling Infrastructure worth $5,511,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of STRL. Truvestments Capital LLC grew its holdings in Sterling Infrastructure by 18.4% in the fourth quarter. Truvestments Capital LLC now owns 7,069 shares of the construction company's stock valued at $1,191,000 after purchasing an additional 1,097 shares during the period. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new stake in shares of Sterling Infrastructure during the 4th quarter valued at $1,063,000. Prosperity Financial Group Inc. purchased a new stake in shares of Sterling Infrastructure during the 4th quarter valued at $233,000. Moran Wealth Management LLC acquired a new stake in shares of Sterling Infrastructure during the 4th quarter worth $429,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Sterling Infrastructure by 13.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,583 shares of the construction company's stock worth $1,446,000 after buying an additional 1,043 shares during the period. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Sterling Infrastructure news, Director Dana C. O'brien sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total value of $351,780.00. Following the completion of the sale, the director now owns 25,901 shares of the company's stock, valued at $4,555,726.89. This trade represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. StockNews.com raised Sterling Infrastructure from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. DA Davidson upgraded Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price for the company in a report on Thursday, February 27th. Finally, William Blair assumed coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They issued an "outperform" rating on the stock.

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Sterling Infrastructure Stock Up 1.2 %

Shares of Sterling Infrastructure stock opened at $117.81 on Friday. Sterling Infrastructure, Inc. has a twelve month low of $93.50 and a twelve month high of $206.07. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The company has a fifty day moving average price of $145.68 and a 200 day moving average price of $155.17.

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.

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