Teacher Retirement System of Texas Has $13.62 Million Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Teacher Retirement System of Texas decreased its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 13.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 80,858 shares of the construction company's stock after selling 12,718 shares during the period. Teacher Retirement System of Texas owned approximately 0.26% of Sterling Infrastructure worth $13,621,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Quarry LP lifted its stake 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. SBI Securities Co. Ltd. bought a new position in shares of Sterling Infrastructure during the 4th quarter valued at about $39,000. Arcadia Investment Management Corp MI acquired a new position in Sterling Infrastructure in the fourth quarter worth approximately $71,000. Private Trust Co. NA acquired a new stake in Sterling Infrastructure during the 3rd quarter worth about $78,000. Finally, Venturi Wealth Management LLC lifted its position in shares of Sterling Infrastructure by 1,369.0% in the 4th quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company's stock valued at $104,000 after acquiring an additional 575 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Sterling Infrastructure Price Performance

Shares of STRL traded down $5.73 on Wednesday, hitting $125.56. The company's stock had a trading volume of 364,136 shares, compared to its average volume of 394,789. The company has a market capitalization of $3.84 billion, a PE ratio of 21.21, a PEG ratio of 1.28 and a beta of 1.32. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two week high of $206.07. The company has a 50 day moving average price of $138.68 and a 200 day moving average price of $156.36. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29.

Remove Ads

Analysts Set New Price Targets

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

Sterling Infrastructure 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.