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

Verus Capital Partners LLC lessened its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 29.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,860 shares of the construction company’s stock after selling 6,120 shares during the quarter. Verus Capital Partners LLC’s holdings in Sterling Infrastructure were worth $2,503,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in STRL. Quarry LP boosted its holdings in shares of Sterling Infrastructure by 510.7% in 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 period. Capital Performance Advisors LLP acquired a new stake in Sterling Infrastructure during the 3rd quarter worth $26,000. Huntington National Bank boosted its stake in Sterling Infrastructure by 21,300.0% during the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company’s stock worth $31,000 after purchasing an additional 213 shares during the period. Signaturefd LLC grew its position in Sterling Infrastructure by 119.3% during the 3rd quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock worth $43,000 after purchasing an additional 161 shares during the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new position in Sterling Infrastructure in the fourth quarter valued at $71,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Insider Buying and Selling

In other news, Director Dana C. O’brien sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total transaction of $351,780.00. Following the completion of the transaction, 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 filing with the SEC, which is accessible through this hyperlink. 3.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on STRL shares. DA Davidson upgraded shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a research note on Thursday. StockNews.com raised Sterling Infrastructure from a “hold” rating to a “buy” rating in a research report on Thursday, February 20th. Finally, William Blair assumed coverage on Sterling Infrastructure in a report on Friday, January 17th. They issued an “outperform” rating on the stock.

Sterling Infrastructure Stock Up 0.8 %

STRL stock opened at $123.15 on Friday. The stock has a market capitalization of $3.78 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 1.28 and a beta of 1.24. The company has a fifty day moving average of $157.22 and a 200-day moving average of $154.86. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. Sterling Infrastructure, Inc. has a one year low of $93.50 and a one year high of $206.07.

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.