3 hours Ago By Defense World Staff
Victory Capital Management Inc. lessened its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL – Free Report) by 21.
8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,786 shares of the construction company’s stock after selling 13,075 shares during the quarter. Victory Capital Management Inc.
owned about 0.15% of Sterling Infrastructure worth $7,881,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock.
Quarry LP boosted 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 valued at $25,000 after buying an additional 143 shares during the last quarter.
Huntington National Bank boosted its stake in shares of Sterling Infrastructure by 21,300.0% during the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company’s stock valued at $31,000 after buying an additional 213 shares during the last quarter.
SBI Securities Co. Ltd. acquired a new stake in shares of Sterling Infrastructure during the 4th quarter valued at approximately $39,000.
Arcadia Investment Management Corp MI acquired a new stake in shares of Sterling Infrastructure during the 4th quarter valued at approximately $71,000. Finally, Private Trust Co. NA acquired a new stake in shares of Sterling Infrastructure during the 3rd quarter valued at approximately $78,000.
Hedge funds and other institutional investors own 80.95% of the company’s stock. Insider Activity at Sterling InfrastructureIn related news, Director Dana C.
O’brien sold 2,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total value of $351,780.
00. Following the completion of the sale, the director now directly owns 25,901 shares of the company’s stock, valued at approximately $4,555,726.89.
This represents a 7.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
3.80% of the stock is currently owned by corporate insiders. Sterling Infrastructure Trading Up 3.
0 %Shares of STRL stock opened at $121.37 on Friday. The stock has a 50-day simple moving average of $144.
56 and a 200 day simple moving average of $155.19. Sterling Infrastructure, Inc.
has a fifty-two week low of $93.50 and a fifty-two week high of $206.07.
The stock has a market capitalization of $3.71 billion, a P/E ratio of 20.50, a P/E/G ratio of 1.
28 and a beta of 1.32. The company has a quick ratio of 1.
29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41.
Wall Street Analysts Forecast GrowthSTRL has been the topic of several research reports. DA Davidson raised Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a research report on Thursday, February 27th.
StockNews.com raised Sterling Infrastructure from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Finally, William Blair initiated coverage on Sterling Infrastructure in a research report on Friday, January 17th.
They set an “outperform” rating on the stock.Get Our Latest Analysis on Sterling InfrastructureSterling Infrastructure Company Profile (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.Further ReadingFive stocks we like better than Sterling InfrastructureProfitably Trade Stocks at 52-Week HighsRubrik Stock’s V-Bottom Reversal Signals a Major Rally AheadWhat Are Growth Stocks and Investing in Them How Super Micro Computer Stock Is Defying the Market Sell-OffWhat is the FTSE 100 index? AppLovin vs. HPE: Which Tech Stock Can Bounce Back Faster?.
