Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by 1492 Capital Management LLC

1492 Capital Management LLC reduced its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 11.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,603 shares of the construction company's stock after selling 5,102 shares during the period. Sterling Infrastructure accounts for approximately 3.2% of 1492 Capital Management LLC's portfolio, making the stock its 4th biggest holding. 1492 Capital Management LLC owned 0.13% of Sterling Infrastructure worth $6,671,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in STRL. Orion Portfolio Solutions LLC acquired a new position in shares of Sterling Infrastructure during the third quarter valued at about $207,000. MML Investors Services LLC grew its holdings in shares of Sterling Infrastructure by 28.3% during the 3rd quarter. MML Investors Services LLC now owns 9,593 shares of the construction company's stock worth $1,391,000 after purchasing an additional 2,118 shares in the last quarter. Barclays PLC increased its position in shares of Sterling Infrastructure by 254.7% during the third quarter. Barclays PLC now owns 56,945 shares of the construction company's stock valued at $8,259,000 after purchasing an additional 40,891 shares during the period. Geode Capital Management LLC raised its stake in shares of Sterling Infrastructure by 0.5% in the third quarter. Geode Capital Management LLC now owns 719,980 shares of the construction company's stock valued at $104,431,000 after purchasing an additional 3,918 shares in the last quarter. Finally, Invst LLC lifted its position in Sterling Infrastructure by 17.6% in the third quarter. Invst LLC now owns 6,876 shares of the construction company's stock worth $997,000 after purchasing an additional 1,027 shares during the period. Institutional investors and hedge funds own 80.95% of the company's stock.

Sterling Infrastructure Trading Up 5.9 %

NASDAQ STRL traded up $7.95 during trading hours on Wednesday, hitting $141.87. The company's stock had a trading volume of 259,012 shares, compared to its average volume of 483,135. Sterling Infrastructure, Inc. has a twelve month low of $93.50 and a twelve month high of $206.07. The firm has a market capitalization of $4.32 billion, a P/E ratio of 23.96, a PEG ratio of 1.28 and a beta of 1.19. 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 fifty day moving average of $123.91 and a 200 day moving average of $154.35.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. StockNews.com lowered shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th. William Blair began coverage on Sterling Infrastructure in a research report on Friday, January 17th. They issued an "outperform" rating on the stock. Finally, 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 research note on Thursday, February 27th.

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.