Rice Hall James & Associates LLC Decreases Stock Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Rice Hall James & Associates LLC lessened its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,971 shares of the construction company’s stock after selling 271 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Sterling Infrastructure were worth $2,522,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in STRL. Quarry LP lifted its position 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 in the last quarter. Capital Performance Advisors LLP purchased a new position in Sterling Infrastructure during the third quarter worth 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 worth $31,000 after buying an additional 213 shares in 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 worth $43,000 after buying an additional 161 shares in the last quarter. Finally, Private Trust Co. NA purchased a new position in Sterling Infrastructure during the third quarter worth approximately $78,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Insiders Place Their Bets

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the firm’s stock in a transaction 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 sale, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is owned by insiders.

Sterling Infrastructure Price Performance

STRL stock opened at $130.63 on Wednesday. The business has a fifty day moving average of $165.50 and a two-hundred day moving average of $154.43. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 1.53 and a beta of 1.24. Sterling Infrastructure, Inc. has a 52-week low of $81.25 and a 52-week high of $206.07.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. William Blair assumed coverage on Sterling Infrastructure in a research report on Friday, January 17th. They set an “outperform” rating on the stock. StockNews.com downgraded Sterling Infrastructure from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th.

Sterling Infrastructure 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.