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

Townsquare Capital LLC trimmed its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,199 shares of the construction company's stock after selling 6,133 shares during the period. Townsquare Capital LLC owned 0.15% of Sterling Infrastructure worth $7,614,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in STRL. SBI Securities Co. Ltd. purchased a new stake in shares of Sterling Infrastructure in the fourth quarter worth about $39,000. Huntington National Bank raised its stake in shares of Sterling Infrastructure by 34.6% during the fourth quarter. Huntington National Bank now owns 288 shares of the construction company's stock valued at $49,000 after purchasing an additional 74 shares during the period. National Bank of Canada FI acquired a new position in shares of Sterling Infrastructure during the fourth quarter worth $56,000. Arcadia Investment Management Corp MI purchased a new position in shares of Sterling Infrastructure in the fourth quarter valued at $71,000. Finally, Venturi Wealth Management LLC grew its holdings in Sterling Infrastructure by 1,369.0% during 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 in the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Sterling Infrastructure Stock Down 0.1 %

Shares of Sterling Infrastructure stock traded down $0.17 during trading on Friday, reaching $140.27. The company had a trading volume of 1,045,290 shares, compared to its average volume of 478,502. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 1.28 and a beta of 1.19. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two week high of $206.07. The firm's fifty day moving average is $124.10 and its 200-day moving average is $154.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29.

Analyst Ratings Changes

A number of equities analysts have commented on STRL shares. William Blair began coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They issued an "outperform" rating on the stock. 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. Finally, StockNews.com downgraded Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th.

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.