1 week Ago By ABMN Staff
Great Lakes Advisors LLC reduced its stake in shares of Sterling Infrastructure, Inc. ( NASDAQ:STRL – Free Report ) by 8.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 53,823 shares of the construction company’s stock after selling 5,223 shares during the period. Great Lakes Advisors LLC’s holdings in Sterling Infrastructure were worth $6,369,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors also recently modified their holdings of STRL.
Allspring Global Investments Holdings LLC increased its holdings in Sterling Infrastructure by 691.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 515,800 shares of the construction company’s stock valued at $61,040,000 after buying an additional 450,620 shares during the last quarter.
Hennessy Advisors Inc. bought a new stake in shares of Sterling Infrastructure in the 4th quarter valued at approximately $32,156,000. Vanguard Group Inc.
raised its position in shares of Sterling Infrastructure by 9.1% during the 4th quarter. Vanguard Group Inc.
now owns 1,878,941 shares of the construction company’s stock valued at $165,215,000 after acquiring an additional 156,225 shares in the last quarter. F M Investments LLC bought a new position in Sterling Infrastructure during the second quarter worth $18,379,000. Finally, Teacher Retirement System of Texas boosted its holdings in Sterling Infrastructure by 105.
1% in the fourth quarter. Teacher Retirement System of Texas now owns 131,069 shares of the construction company’s stock worth $11,525,000 after purchasing an additional 67,172 shares during the period. Institutional investors own 80.
95% of the company’s stock. Sterling Infrastructure Stock Performance Shares of NASDAQ STRL opened at $109.12 on Monday.
Sterling Infrastructure, Inc. has a 12-month low of $55.45 and a 12-month high of $137.
63. The company has a market cap of $3.37 billion, a PE ratio of 22.
69, a P/E/G ratio of 1.41 and a beta of 1.16.
The stock has a 50 day simple moving average of $113.75 and a 200-day simple moving average of $112.78.
The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.
44. Wall Street Analyst Weigh In Separately, StockNews.com raised shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Saturday.
Check Out Our Latest Research Report on STRL About Sterling Infrastructure ( Free Report ) 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.
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