Sterling Infrastructure, Inc. (NASDAQ:STRL) Position Decreased by Willis Investment Counsel

Willis Investment Counsel cut its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 22.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,869 shares of the construction company's stock after selling 1,666 shares during the period. Willis Investment Counsel's holdings in Sterling Infrastructure were worth $664,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Huntington National Bank raised its stake 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 acquiring an additional 74 shares during the period. Kovack Advisors Inc. grew its stake in Sterling Infrastructure by 3.2% during the 4th quarter. Kovack Advisors Inc. now owns 2,914 shares of the construction company's stock worth $491,000 after buying an additional 91 shares during the last quarter. JT Stratford LLC grew its stake in Sterling Infrastructure by 1.0% during the 4th quarter. JT Stratford LLC now owns 12,465 shares of the construction company's stock worth $2,100,000 after buying an additional 121 shares during the last quarter. Xponance Inc. increased its position in Sterling Infrastructure by 6.5% in the fourth quarter. Xponance Inc. now owns 2,144 shares of the construction company's stock worth $361,000 after buying an additional 131 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in Sterling Infrastructure by 7.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,980 shares of the construction company's stock valued at $334,000 after buying an additional 137 shares during the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Stock Performance

STRL traded down $1.33 during trading hours on Friday, hitting $202.99. The company's stock had a trading volume of 333,770 shares, compared to its average volume of 503,661. The company has a 50-day simple moving average of $169.70 and a 200 day simple moving average of $157.40. 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 capitalization of $6.17 billion, a PE ratio of 34.29, a PEG ratio of 1.28 and a beta of 1.37. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two week high of $208.77.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on STRL shares. DA Davidson upgraded shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price target for the company in a research report on Thursday, February 27th. Wall Street Zen raised shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd.

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.