Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC lessened its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 45.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,026 shares of the construction company's stock after selling 1,720 shares during the period. Lazard Asset Management LLC's holdings in Sterling Infrastructure were worth $341,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Bay Rivers Group bought a new stake in shares of Sterling Infrastructure during the 4th quarter worth approximately $341,000. Convergence Investment Partners LLC lifted its position in shares of Sterling Infrastructure by 47.7% during the fourth quarter. Convergence Investment Partners LLC now owns 9,297 shares of the construction company's stock worth $1,566,000 after purchasing an additional 3,002 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Sterling Infrastructure by 7.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company's stock valued at $111,873,000 after purchasing an additional 49,008 shares during the period. Park Avenue Securities LLC purchased a new stake in shares of Sterling Infrastructure during the fourth quarter valued at $253,000. Finally, Spire Wealth Management grew its holdings in shares of Sterling Infrastructure by 265.1% in the fourth quarter. Spire Wealth Management now owns 8,792 shares of the construction company's stock worth $1,481,000 after purchasing an additional 6,384 shares during the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. DA Davidson upgraded shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a research note on Thursday, February 27th. Wall Street Zen raised Sterling Infrastructure from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd.

Sterling Infrastructure Stock Down 1.0%

NASDAQ:STRL traded down $1.93 during mid-day trading on Wednesday, reaching $189.49. The company's stock had a trading volume of 50,677 shares, compared to its average volume of 499,191. 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 firm has a market capitalization of $5.76 billion, a PE ratio of 32.08, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. The stock has a fifty day moving average of $149.34 and a 200-day moving average of $156.68. Sterling Infrastructure, Inc. has a 1 year low of $93.50 and a 1 year high of $206.07.

About Sterling Infrastructure

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.