Willis Investment Counsel Lowers Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

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

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in Sterling Infrastructure during the 4th quarter worth approximately $39,000. Versant Capital Management Inc grew its position in Sterling Infrastructure by 355.8% during the 1st quarter. Versant Capital Management Inc now owns 237 shares of the construction company's stock worth $27,000 after acquiring an additional 185 shares during the last quarter. Huntington National Bank grew its position in Sterling Infrastructure by 34.6% during 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 last quarter. National Bank of Canada FI bought a new position in Sterling Infrastructure during the 4th quarter worth approximately $56,000. Finally, Arcadia Investment Management Corp MI bought a new position in Sterling Infrastructure during the 4th quarter worth approximately $71,000. 80.95% of the stock is currently owned by institutional investors.

Sterling Infrastructure Trading Up 3.2%

Shares of STRL stock traded up $6.56 during trading hours on Monday, reaching $209.55. The company's stock had a trading volume of 575,934 shares, compared to its average volume of 505,034. The stock has a market capitalization of $6.37 billion, a P/E ratio of 35.40, a P/E/G ratio of 1.28 and a beta of 1.37. Sterling Infrastructure, Inc. has a one year low of $93.50 and a one year high of $211.99. The firm's fifty day simple moving average is $171.62 and its 200 day simple moving average is $156.98. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41.

Analyst Ratings Changes

STRL has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Sterling Infrastructure from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. 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 report on Thursday, February 27th.

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.