Fmr LLC Cuts Stock Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

FMR LLC lowered its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 17.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,451,063 shares of the construction company's stock after selling 305,024 shares during the period. FMR LLC owned 4.73% of Sterling Infrastructure worth $244,432,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Quarry LP boosted its position 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 acquiring an additional 143 shares in the last quarter. Stifel Financial Corp lifted its stake in Sterling Infrastructure by 22.9% during the third quarter. Stifel Financial Corp now owns 23,418 shares of the construction company's stock worth $3,396,000 after purchasing an additional 4,359 shares during the last quarter. State Street Corp boosted its holdings in Sterling Infrastructure by 0.7% in the third quarter. State Street Corp now owns 713,234 shares of the construction company's stock valued at $103,433,000 after purchasing an additional 5,106 shares in the last quarter. Orion Portfolio Solutions LLC purchased a new position in Sterling Infrastructure in the third quarter valued at approximately $207,000. Finally, MML Investors Services LLC increased its stake in Sterling Infrastructure by 28.3% in the third quarter. MML Investors Services LLC now owns 9,593 shares of the construction company's stock valued at $1,391,000 after purchasing an additional 2,118 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company's stock.

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Sterling Infrastructure Stock Performance

NASDAQ:STRL traded up $5.77 during trading hours on Tuesday, reaching $141.00. 1,533,791 shares of the company's stock were exchanged, compared to its average volume of 445,463. Sterling Infrastructure, Inc. has a 1-year low of $93.50 and a 1-year high of $206.07. 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 firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 23.82, a P/E/G ratio of 1.28 and a beta of 1.19. The company has a 50-day moving average of $124.64 and a 200 day moving average of $154.73.

Analysts Set New Price Targets

Several research analysts have recently issued reports on STRL shares. William Blair initiated coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They issued an "outperform" rating for the company. StockNews.com downgraded Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. Finally, DA Davidson upgraded Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price target on the stock in a research note on Thursday, February 27th.

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.