Teacher Retirement System of Texas Trims Stock Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Teacher Retirement System of Texas lessened its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 9.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 73,607 shares of the construction company's stock after selling 7,251 shares during the quarter. Teacher Retirement System of Texas owned about 0.24% of Sterling Infrastructure worth $8,333,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in STRL. Sunbelt Securities Inc. raised its position in Sterling Infrastructure by 689.7% in the first quarter. Sunbelt Securities Inc. now owns 229 shares of the construction company's stock valued at $26,000 after purchasing an additional 200 shares during the period. Versant Capital Management Inc raised its position in Sterling Infrastructure by 355.8% in the first quarter. Versant Capital Management Inc now owns 237 shares of the construction company's stock valued at $27,000 after purchasing an additional 185 shares during the period. Opal Wealth Advisors LLC purchased a new stake in Sterling Infrastructure in the first quarter valued at approximately $28,000. SBI Securities Co. Ltd. purchased a new stake in Sterling Infrastructure in the fourth quarter valued at approximately $39,000. Finally, Huntington National Bank raised its position in Sterling Infrastructure by 34.6% in the fourth quarter. Huntington National Bank now owns 288 shares of the construction company's stock valued at $49,000 after purchasing an additional 74 shares during the period. Hedge funds and other institutional investors own 80.95% of the company's stock.

Sterling Infrastructure Stock Up 3.6%

Shares of NASDAQ:STRL traded up $8.26 during trading on Friday, hitting $236.98. The company's stock had a trading volume of 239,906 shares, compared to its average volume of 523,424. The business has a 50 day moving average price of $196.43 and a two-hundred day moving average price of $161.15. The company has a market capitalization of $7.21 billion, a PE ratio of 27.68, a P/E/G ratio of 1.96 and a beta of 1.40. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.32 and a current ratio of 1.32. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two week high of $237.70.

Analyst Ratings Changes

A number of analysts have issued reports on the company. DA Davidson boosted their target price on Sterling Infrastructure from $205.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. Wall Street Zen downgraded shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Saturday.

Insiders Place Their Bets

In related news, General Counsel Mark D. Wolf sold 3,500 shares of the business's stock in a transaction on 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 transaction, the general counsel owned 29,315 shares in the company, valued at approximately $6,621,379.05. The trade was a 10.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dana C. O'brien sold 10,154 shares of the business's 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 transaction, the director owned 16,498 shares of the company's stock, valued at approximately $3,408,156.84. The trade was a 38.10% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.70% of the company's stock.

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.