Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC lowered its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 34.2% during the fourth quarter, Holdings Channel reports. The firm owned 1,308 shares of the construction company’s stock after selling 679 shares during the quarter. Sawgrass Asset Management LLC’s holdings in Sterling Infrastructure were worth $220,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in STRL. Quarry LP increased its position in shares of Sterling Infrastructure by 510.7% during the third quarter. Quarry LP now owns 171 shares of the construction company’s stock worth $25,000 after purchasing an additional 143 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Sterling Infrastructure during the third quarter worth about $26,000. Huntington National Bank increased its position in shares of Sterling Infrastructure by 21,300.0% during the third quarter. Huntington National Bank now owns 214 shares of the construction company’s stock worth $31,000 after purchasing an additional 213 shares in the last quarter. Signaturefd LLC increased its position in shares of Sterling Infrastructure by 119.3% during the third quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock worth $43,000 after purchasing an additional 161 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Sterling Infrastructure by 45.2% during the third quarter. GAMMA Investing LLC now owns 302 shares of the construction company’s stock worth $44,000 after purchasing an additional 94 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Insider Buying and Selling

In related news, Director Dana C. O’brien sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total transaction of $351,780.00. Following the transaction, the director now owns 25,901 shares of the company’s stock, valued at $4,555,726.89. This trade represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on STRL shares. StockNews.com lowered Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. William Blair started coverage on Sterling Infrastructure in a report on Friday, January 17th. They set an “outperform” rating on the stock.

Sterling Infrastructure Stock Performance

NASDAQ STRL opened at $130.10 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. Sterling Infrastructure, Inc. has a 52-week low of $80.91 and a 52-week high of $206.07. The business’s 50-day moving average price is $169.08 and its 200 day moving average price is $153.74. The firm has a market cap of $4.00 billion, a P/E ratio of 21.98, a P/E/G ratio of 1.53 and a beta of 1.24.

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.