De Lisle Partners LLP Sells 1,900 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Key Points

• De Lisle Partners LLP has reduced its stake in Sterling Infrastructure, Inc. by 2.5%, owning now 72,957 shares worth approximately $8.26 million.
• Several large investors significantly increased their holdings in Sterling Infrastructure during the fourth quarter, with Vanguard Group boosting its position by 30% to over $425 million.
• Recent analyst activity saw a downgrade from a "buy" to a "hold" rating by Wall Street Zen, while DA Davidson raised the target price from $205 to $265 with a "buy" rating.

De Lisle Partners LLP decreased its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 2.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,957 shares of the construction company's stock after selling 1,900 shares during the period. Sterling Infrastructure makes up about 1.4% of De Lisle Partners LLP's investment portfolio, making the stock its 15th largest holding. De Lisle Partners LLP owned about 0.24% of Sterling Infrastructure worth $8,257,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Sterling Infrastructure by 30.0% during the fourth quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company's stock worth $425,135,000 after acquiring an additional 581,847 shares in the last quarter. Invesco Ltd. boosted its holdings in Sterling Infrastructure by 22.5% during the fourth quarter. Invesco Ltd. now owns 757,273 shares of the construction company's stock worth $127,563,000 after purchasing an additional 139,081 shares during the last quarter. Capital Research Global Investors boosted its holdings in Sterling Infrastructure by 78.5% during the fourth quarter. Capital Research Global Investors now owns 574,976 shares of the construction company's stock worth $96,855,000 after purchasing an additional 252,934 shares during the last quarter. Congress Asset Management Co. boosted its holdings in Sterling Infrastructure by 6.5% during the first quarter. Congress Asset Management Co. now owns 532,198 shares of the construction company's stock worth $60,250,000 after purchasing an additional 32,255 shares during the last quarter. Finally, GW&K Investment Management LLC boosted its holdings in Sterling Infrastructure by 37.7% during the first quarter. GW&K Investment Management LLC now owns 500,028 shares of the construction company's stock worth $56,608,000 after purchasing an additional 136,777 shares during the last quarter. Institutional investors own 80.95% of the company's stock.

Insiders Place Their Bets

In other news, General Counsel Mark D. Wolf sold 3,500 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $225.87, for a total transaction of $790,545.00. Following the completion of the sale, the general counsel owned 29,315 shares in the company, valued at approximately $6,621,379.05. This trade represents a 10.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dana C. O'brien sold 10,154 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $206.58, for a total transaction of $2,097,613.32. Following the transaction, the director directly owned 16,498 shares in the company, valued at approximately $3,408,156.84. This represents a 38.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wall Street Zen cut shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. DA Davidson increased their target price on shares of Sterling Infrastructure from $205.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 18th.

Sterling Infrastructure Stock Performance

Shares of STRL stock opened at $263.59 on Tuesday. The stock has a market cap of $8.02 billion, a P/E ratio of 30.79, a P/E/G ratio of 2.22 and a beta of 1.40. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.32 and a quick ratio of 1.32. The company has a fifty day moving average price of $219.65 and a two-hundred day moving average price of $169.32. Sterling Infrastructure, Inc. has a one year low of $93.50 and a one year high of $270.38.

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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