Two Sigma Investments LP Sells 41,114 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Two Sigma Investments LP reduced its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 37.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 67,413 shares of the construction company's stock after selling 41,114 shares during the quarter. Two Sigma Investments LP owned about 0.22% of Sterling Infrastructure worth $11,356,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new stake in Sterling Infrastructure in the fourth quarter worth $39,000. Huntington National Bank grew its stake in Sterling Infrastructure by 34.6% in the fourth quarter. Huntington National Bank now owns 288 shares of the construction company's stock worth $49,000 after purchasing an additional 74 shares during the period. National Bank of Canada FI purchased a new stake in Sterling Infrastructure in the fourth quarter worth $56,000. Arcadia Investment Management Corp MI purchased a new stake in Sterling Infrastructure in the fourth quarter worth $71,000. Finally, Venturi Wealth Management LLC grew its stake in Sterling Infrastructure by 1,369.0% in 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 during the period. 80.95% of the stock is currently owned by institutional investors.

Sterling Infrastructure Stock Down 0.3%

STRL stock traded down $0.66 during midday trading on Thursday, hitting $187.28. The stock had a trading volume of 86,142 shares, compared to its average volume of 499,158. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 31.64, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. The business has a 50-day moving average of $150.57 and a two-hundred day moving average of $156.90. Sterling Infrastructure, Inc. has a 52-week low of $93.50 and a 52-week 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

Several brokerages recently weighed in on STRL. DA Davidson raised 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 raised Sterling Infrastructure from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd.

Sterling Infrastructure 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.