Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 13.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,858 shares of the construction company's stock after selling 12,718 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.26% of Sterling Infrastructure worth $13,621,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP increased its stake in shares of Sterling Infrastructure by 510.7% during the 3rd quarter. Quarry LP now owns 171 shares of the construction company's stock worth $25,000 after purchasing an additional 143 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Sterling Infrastructure in the fourth quarter worth $39,000. Arcadia Investment Management Corp MI purchased a new stake in shares of Sterling Infrastructure in the fourth quarter valued at $71,000. Private Trust Co. NA acquired a new stake in shares of Sterling Infrastructure during the third quarter valued at $78,000. Finally, Venturi Wealth Management LLC raised its stake in 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 purchasing an additional 575 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Sterling Infrastructure Trading Down 2.0 %

NASDAQ STRL traded down $2.66 during trading hours on Tuesday, hitting $131.29. 538,290 shares of the company's stock were exchanged, compared to its average volume of 394,984. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market capitalization of $4.02 billion, a P/E ratio of 22.18, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32. The business's 50 day moving average is $138.68 and its 200-day moving average is $156.36. Sterling Infrastructure, Inc. has a 12-month low of $93.50 and a 12-month high of $206.07.

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Wall Street Analysts Forecast Growth

STRL has been the topic of a number of recent research reports. DA Davidson upgraded 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. StockNews.com downgraded shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Monday. Finally, William Blair initiated coverage on Sterling Infrastructure in a report on Friday, January 17th. They issued an "outperform" rating for the company.

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.