Graham Capital Management L.P. Lowers Stock Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Graham Capital Management L.P. lowered its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 41.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,586 shares of the construction company's stock after selling 4,711 shares during the period. Graham Capital Management L.P.'s holdings in Sterling Infrastructure were worth $1,109,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in STRL. SBI Securities Co. Ltd. purchased a new stake in Sterling Infrastructure during the fourth quarter worth about $39,000. Huntington National Bank lifted 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 valued at $49,000 after purchasing an additional 74 shares during the last quarter. National Bank of Canada FI purchased a new position in Sterling Infrastructure in the fourth quarter valued at approximately $56,000. Arcadia Investment Management Corp MI purchased a new position in Sterling Infrastructure in the fourth quarter valued at approximately $71,000. Finally, Venturi Wealth Management LLC lifted 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 valued at $104,000 after purchasing an additional 575 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. 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. StockNews.com lowered Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. Finally, William Blair initiated coverage on Sterling Infrastructure in a report on Friday, January 17th. They issued an "outperform" rating for the company.

Sterling Infrastructure Stock Performance

Shares of STRL stock traded up $3.78 during trading on Friday, reaching $188.57. 296,151 shares of the company's stock traded hands, compared to its average volume of 496,245. The company has a market capitalization of $5.73 billion, a P/E ratio of 31.85, a PEG ratio of 1.28 and a beta of 1.27. 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's 50-day moving average is $140.32 and its 200 day moving average is $155.71. 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.