Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP reduced its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 19.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 153,600 shares of the construction company's stock after selling 36,500 shares during the quarter. Two Sigma Advisers LP owned 0.50% of Sterling Infrastructure worth $25,874,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new position in Sterling Infrastructure in the 4th quarter valued at $39,000. Huntington National Bank lifted its stake in shares of 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 acquiring an additional 74 shares during the period. National Bank of Canada FI purchased a new stake in shares of Sterling Infrastructure in the fourth quarter valued at about $56,000. Arcadia Investment Management Corp MI acquired a new position in shares of Sterling Infrastructure during the fourth quarter worth about $71,000. Finally, Venturi Wealth Management LLC raised its holdings in Sterling Infrastructure by 1,369.0% during the fourth quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company's stock worth $104,000 after purchasing an additional 575 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on STRL shares. DA Davidson raised Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price objective on the stock in a report on Thursday, February 27th. Wall Street Zen raised Sterling Infrastructure from a "hold" rating to a "buy" rating in a report on Thursday.

Sterling Infrastructure Price Performance

Shares of NASDAQ:STRL traded up $2.11 on Monday, reaching $184.40. 330,518 shares of the company were exchanged, compared to its average volume of 500,300. The company has a 50-day moving average of $146.88 and a 200-day moving average of $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 firm has a market cap 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. 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.