Two Sigma Advisers LP Lowers Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

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

Several other institutional investors and hedge funds have also bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new position in shares of Sterling Infrastructure during the fourth quarter worth approximately $39,000. Huntington National Bank raised its holdings in Sterling Infrastructure by 34.6% during the fourth quarter. Huntington National Bank now owns 288 shares of the construction company's stock worth $49,000 after buying an additional 74 shares during the last quarter. National Bank of Canada FI bought a new position in shares of Sterling Infrastructure in the fourth quarter valued at $56,000. Arcadia Investment Management Corp MI acquired a new position in shares of Sterling Infrastructure during the fourth quarter valued at about $71,000. Finally, Venturi Wealth Management LLC increased its position in shares of 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 acquiring an additional 575 shares in the last quarter. 80.95% of the stock is owned by institutional investors.

Sterling Infrastructure Price Performance

STRL stock traded up $2.11 during midday trading on Friday, reaching $184.40. The company had a trading volume of 330,518 shares, compared to its average volume of 499,360. The firm has a 50-day moving average price of $146.88 and a 200-day moving average price of $156.76. The company has a market capitalization of $5.61 billion, a P/E ratio of 31.15, a P/E/G 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. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29.

Analyst Ratings Changes

STRL has been the topic of several recent analyst reports. DA Davidson upgraded Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price objective on the stock in a research note on Thursday, February 27th. Wall Street Zen raised shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a research 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.