Oppenheimer & Co. Inc. Sells 2,926 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Oppenheimer & Co. Inc. trimmed its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 41.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,049 shares of the construction company's stock after selling 2,926 shares during the period. Oppenheimer & Co. Inc.'s holdings in Sterling Infrastructure were worth $682,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Quarry LP grew 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 acquiring an additional 143 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Sterling Infrastructure in the 3rd quarter valued at $26,000. Huntington National Bank grew its holdings in shares of Sterling Infrastructure by 21,300.0% in the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company's stock worth $31,000 after purchasing an additional 213 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Sterling Infrastructure during the 4th quarter worth about $71,000. Finally, Private Trust Co. NA bought a new position in Sterling Infrastructure during the 3rd quarter valued at about $78,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Remove Ads

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O'brien sold 2,000 shares of the company's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total transaction of $351,780.00. Following the transaction, the director now owns 25,901 shares of the company's stock, valued at approximately $4,555,726.89. This represents a 7.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is currently owned by company insiders.

Sterling Infrastructure Price Performance

NASDAQ:STRL traded down $6.92 during mid-day trading on Monday, reaching $111.08. 1,059,824 shares of the company were exchanged, compared to its average volume of 644,970. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The stock has a market cap of $3.40 billion, a PE ratio of 18.76, 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 fifty day moving average of $149.96 and a 200 day moving average of $155.74.

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.