Castleark Management LLC lowered its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 33.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,016 shares of the construction company's stock after selling 6,640 shares during the quarter. Castleark Management LLC's holdings in Sterling Infrastructure were worth $2,193,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Sterling Infrastructure in the fourth quarter worth about $39,000. Huntington National Bank lifted its stake in Sterling Infrastructure by 34.6% in the 4th quarter. Huntington National Bank now owns 288 shares of the construction company's stock worth $49,000 after purchasing an additional 74 shares in the last quarter. National Bank of Canada FI bought a new position in Sterling Infrastructure in the 4th quarter valued at $56,000. Arcadia Investment Management Corp MI bought a new position in Sterling Infrastructure in the 4th quarter valued at $71,000. Finally, Venturi Wealth Management LLC grew its position in shares of Sterling Infrastructure by 1,369.0% during the 4th quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company's stock valued at $104,000 after purchasing an additional 575 shares in the last quarter. Institutional investors own 80.95% of the company's stock.
Analysts Set New Price Targets
A number of brokerages recently issued reports on STRL. DA Davidson upgraded Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price objective on the stock in a research report on Thursday, February 27th. Wall Street Zen upgraded Sterling Infrastructure from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd.
Get Our Latest Research Report on Sterling Infrastructure
Sterling Infrastructure Price Performance
NASDAQ:STRL traded up $5.20 during midday trading on Tuesday, hitting $189.60. The company had a trading volume of 248,168 shares, compared to its average volume of 499,350. The stock's fifty day moving average price is $148.03 and its 200-day moving average price is $156.44. Sterling Infrastructure, Inc. has a 52-week low of $93.50 and a 52-week high of $206.07. 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 company has a market capitalization of $5.77 billion, a PE ratio of 31.96, a P/E/G ratio of 1.28 and a beta of 1.27.
Sterling Infrastructure Profile
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Free Report)
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.
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