Headlands Technologies LLC Has $223,000 Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Headlands Technologies LLC decreased its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 44.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,969 shares of the construction company's stock after selling 1,600 shares during the quarter. Headlands Technologies LLC's holdings in Sterling Infrastructure were worth $223,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Sterling Infrastructure by 6.3% in the first quarter. Vanguard Group Inc. now owns 2,682,995 shares of the construction company's stock valued at $303,742,000 after purchasing an additional 159,191 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Sterling Infrastructure by 22.5% in 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 last quarter. Capital Research Global Investors increased its holdings in shares of Sterling Infrastructure by 78.5% in the fourth quarter. Capital Research Global Investors now owns 574,976 shares of the construction company's stock valued at $96,855,000 after purchasing an additional 252,934 shares during the last quarter. Congress Asset Management Co. increased its holdings in shares of Sterling Infrastructure by 6.5% in the first quarter. Congress Asset Management Co. now owns 532,198 shares of the construction company's stock valued at $60,250,000 after purchasing an additional 32,255 shares during the last quarter. Finally, GW&K Investment Management LLC increased its holdings in shares of Sterling Infrastructure by 37.7% in the first quarter. GW&K Investment Management LLC now owns 500,028 shares of the construction company's stock valued at $56,608,000 after purchasing an additional 136,777 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on STRL. Wall Street Zen upgraded shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a report on Saturday. DA Davidson increased their price objective on Sterling Infrastructure from $265.00 to $355.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th.

Insider Buying and Selling at Sterling Infrastructure

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

Sterling Infrastructure Stock Performance

STRL stock traded down $15.93 during trading hours on Wednesday, hitting $292.47. 624,265 shares of the stock were exchanged, compared to its average volume of 669,585. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $8.90 billion, a P/E ratio of 31.79, a P/E/G ratio of 2.20 and a beta of 1.46. The company has a 50-day simple moving average of $241.02 and a two-hundred day simple moving average of $177.12. Sterling Infrastructure, Inc. has a 12 month low of $96.34 and a 12 month high of $321.79.

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.