OLD National Bancorp IN Lowers Stock Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

OLD National Bancorp IN lessened its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 36.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,336 shares of the construction company’s stock after selling 777 shares during the quarter. OLD National Bancorp IN’s holdings in Sterling Infrastructure were worth $225,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Quarry LP lifted its position in Sterling Infrastructure by 510.7% during the third quarter. Quarry LP now owns 171 shares of the construction company’s stock valued at $25,000 after acquiring an additional 143 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Sterling Infrastructure during the third quarter valued at approximately $26,000. Huntington National Bank lifted its position in Sterling Infrastructure by 21,300.0% during the third quarter. Huntington National Bank now owns 214 shares of the construction company’s stock valued at $31,000 after acquiring an additional 213 shares during the last quarter. Signaturefd LLC lifted its position in Sterling Infrastructure by 119.3% during the third quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock valued at $43,000 after acquiring an additional 161 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Sterling Infrastructure during the third quarter valued at approximately $44,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Insider Activity

In other news, Director Dana C. O’brien sold 2,000 shares of Sterling Infrastructure stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total value of $351,780.00. Following the sale, the director now owns 25,901 shares in the company, valued at $4,555,726.89. This trade represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

STRL has been the subject of a number of research analyst reports. StockNews.com raised shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Wednesday, January 29th. William Blair began coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an “outperform” rating on the stock.

Sterling Infrastructure Stock Down 2.9 %

STRL stock opened at $142.42 on Monday. The firm has a market cap of $4.37 billion, a PE ratio of 24.06, a P/E/G ratio of 1.46 and a beta of 1.26. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The firm’s fifty day moving average is $177.41 and its 200 day moving average is $152.46. Sterling Infrastructure, Inc. has a one year low of $74.44 and a one year high of $206.07.

Sterling Infrastructure (NASDAQ:STRL) last announced its earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.29. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 27.52%. The business had revenue of $593.74 million for the quarter, compared to analyst estimates of $599.90 million. During the same quarter last year, the business earned $1.26 earnings per share. On average, research analysts forecast that Sterling Infrastructure, Inc. will post 5.98 EPS for the current year.

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.