Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. lowered its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 76.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,695 shares of the construction company's stock after selling 94,834 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.10% of Sterling Infrastructure worth $5,002,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Barclays PLC lifted its holdings in Sterling Infrastructure by 254.7% during the third quarter. Barclays PLC now owns 56,945 shares of the construction company's stock worth $8,259,000 after buying an additional 40,891 shares during the period. Park Avenue Securities LLC purchased a new stake in Sterling Infrastructure during the fourth quarter worth $253,000. Diversify Wealth Management LLC lifted its holdings in Sterling Infrastructure by 18.7% during the fourth quarter. Diversify Wealth Management LLC now owns 5,320 shares of the construction company's stock worth $870,000 after buying an additional 838 shares during the period. Koshinski Asset Management Inc. purchased a new stake in Sterling Infrastructure during the fourth quarter worth $1,041,000. Finally, Perpetual Ltd lifted its holdings in Sterling Infrastructure by 31.7% during the fourth quarter. Perpetual Ltd now owns 4,375 shares of the construction company's stock worth $737,000 after buying an additional 1,054 shares during the period. Institutional investors own 80.95% of the company's stock.

Sterling Infrastructure Stock Up 1.2%

Shares of STRL traded up $2.11 during midday trading on Friday, hitting $184.40. 330,518 shares of the company's stock traded hands, compared to its average volume of 500,300. Sterling Infrastructure, Inc. has a 1 year low of $93.50 and a 1 year high of $206.07. The firm's fifty day moving average is $146.88 and its 200-day moving average is $156.51. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $5.61 billion, a price-to-earnings ratio of 31.15, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on STRL. DA Davidson upgraded 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 report on Thursday.

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.