Horizon Investment Services LLC Trims Stake in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Horizon Investment Services LLC lowered its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 24.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,330 shares of the construction company’s stock after selling 5,232 shares during the quarter. Sterling Infrastructure comprises 1.2% of Horizon Investment Services LLC’s portfolio, making the stock its 29th biggest holding. Horizon Investment Services LLC’s holdings in Sterling Infrastructure were worth $2,751,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Sterling Infrastructure by 30.0% in the 4th quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company’s stock valued at $425,135,000 after acquiring an additional 581,847 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Sterling Infrastructure by 0.5% during the third quarter. Geode Capital Management LLC now owns 719,980 shares of the construction company’s stock valued at $104,431,000 after acquiring an additional 3,918 shares in the last quarter. State Street Corp lifted its holdings in shares of Sterling Infrastructure by 0.7% in the 3rd quarter. State Street Corp now owns 713,234 shares of the construction company’s stock worth $103,433,000 after buying an additional 5,106 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Sterling Infrastructure by 7.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company’s stock valued at $111,873,000 after buying an additional 49,008 shares during the period. Finally, GW&K Investment Management LLC boosted its holdings in shares of Sterling Infrastructure by 3.4% in the 4th quarter. GW&K Investment Management LLC now owns 363,251 shares of the construction company’s stock valued at $61,190,000 after buying an additional 12,064 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

STRL has been the topic of a number of research reports. DA Davidson raised Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a report on Thursday, February 27th. StockNews.com lowered Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Monday, March 24th. Finally, William Blair began coverage on Sterling Infrastructure in a report on Friday, January 17th. They set an “outperform” rating on the stock.

Sterling Infrastructure Price Performance

Shares of NASDAQ:STRL opened at $116.15 on Friday. Sterling Infrastructure, Inc. has a 12 month low of $93.50 and a 12 month high of $206.07. The firm has a market capitalization of $3.55 billion, a P/E ratio of 19.62, a P/E/G ratio of 1.28 and a beta of 1.32. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The company’s fifty day moving average price is $135.10 and its 200 day moving average price is $155.92.

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.