Millennium Management LLC Sells 16,721 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Millennium Management LLC decreased its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 22.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,468 shares of the construction company's stock after selling 16,721 shares during the quarter. Millennium Management LLC owned approximately 0.19% of Sterling Infrastructure worth $9,849,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in STRL. SBI Securities Co. Ltd. purchased a new stake in Sterling Infrastructure in the 4th quarter worth approximately $39,000. Huntington National Bank lifted its position in Sterling Infrastructure by 34.6% in the 4th quarter. Huntington National Bank now owns 288 shares of the construction company's stock worth $49,000 after buying an additional 74 shares in the last quarter. National Bank of Canada FI purchased a new stake in Sterling Infrastructure in the 4th quarter worth approximately $56,000. Arcadia Investment Management Corp MI purchased a new stake in Sterling Infrastructure in the 4th quarter worth approximately $71,000. Finally, Venturi Wealth Management LLC lifted its position in Sterling Infrastructure by 1,369.0% in the 4th quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company's stock worth $104,000 after buying an additional 575 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company's stock.

Sterling Infrastructure Stock Down 0.3%

Shares of STRL traded down $0.51 during mid-day trading on Thursday, hitting $187.42. 70,433 shares of the company's stock were exchanged, compared to its average volume of 733,323. The firm has a fifty day moving average of $150.57 and a two-hundred day moving average of $156.90. Sterling Infrastructure, Inc. has a twelve month low of $93.50 and a twelve month high of $206.07. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 31.73, a P/E/G ratio of 1.28 and a beta of 1.27. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41.

Analyst Ratings Changes

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