Castleark Management LLC Has $2.19 Million Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Castleark Management LLC decreased its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 33.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,016 shares of the construction company's stock after selling 6,640 shares during the period. Castleark Management LLC's holdings in Sterling Infrastructure were worth $2,193,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of STRL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Sterling Infrastructure by 10.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 74,358 shares of the construction company's stock worth $12,526,000 after purchasing an additional 7,062 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of Sterling Infrastructure in the fourth quarter valued at about $18,996,000. State of Wyoming grew its position in Sterling Infrastructure by 476.1% during the fourth quarter. State of Wyoming now owns 2,846 shares of the construction company's stock worth $479,000 after buying an additional 2,352 shares in the last quarter. Select Equity Group L.P. increased its stake in Sterling Infrastructure by 20.9% during the fourth quarter. Select Equity Group L.P. now owns 6,630 shares of the construction company's stock valued at $1,117,000 after acquiring an additional 1,144 shares during the period. Finally, Silvercrest Asset Management Group LLC raised its holdings in Sterling Infrastructure by 33.1% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 64,545 shares of the construction company's stock valued at $10,873,000 after acquiring an additional 16,052 shares in the last quarter. Institutional investors own 80.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on STRL shares. 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 downgraded shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th.

Sterling Infrastructure Stock Performance

NASDAQ STRL opened at $182.09 on Thursday. Sterling Infrastructure, Inc. has a twelve month low of $93.50 and a twelve month 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 stock has a market cap of $5.54 billion, a P/E ratio of 30.76, a PEG ratio of 1.28 and a beta of 1.27. The company's 50-day simple moving average is $144.31 and its 200 day simple moving average is $156.36.

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.

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