CWC Advisors LLC. Has $232,000 Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

CWC Advisors LLC. decreased its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 51.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,375 shares of the construction company's stock after selling 1,463 shares during the quarter. CWC Advisors LLC.'s holdings in Sterling Infrastructure were worth $232,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Sterling Infrastructure by 30.0% during the 4th quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company's stock valued at $425,135,000 after buying an additional 581,847 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Sterling Infrastructure during the fourth quarter valued at approximately $47,712,000. Capital Research Global Investors raised its position in shares of Sterling Infrastructure by 78.5% during the fourth quarter. Capital Research Global Investors now owns 574,976 shares of the construction company's stock valued at $96,855,000 after buying an additional 252,934 shares during the last quarter. First Trust Advisors LP increased its position in Sterling Infrastructure by 74.1% in the fourth quarter. First Trust Advisors LP now owns 356,339 shares of the construction company's stock worth $60,025,000 after purchasing an additional 151,642 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Sterling Infrastructure by 22.5% during the fourth quarter. Invesco Ltd. now owns 757,273 shares of the construction company's stock valued at $127,563,000 after purchasing an additional 139,081 shares during the period. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Stock Down 1.0%

Shares of STRL traded down $1.80 during midday trading on Thursday, hitting $186.13. The company had a trading volume of 376,662 shares, compared to its average volume of 501,186. The company's 50-day simple moving average is $151.61 and its 200-day simple moving average is $156.84. The firm has a market capitalization of $5.66 billion, a P/E ratio of 31.44, a P/E/G ratio of 1.28 and a beta of 1.27. Sterling Infrastructure, Inc. has a 1 year low of $93.50 and a 1 year high of $206.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on STRL. 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 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.

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.