Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC cut its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 32.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,332 shares of the construction company's stock after selling 21,597 shares during the period. Kennedy Capital Management LLC owned 0.15% of Sterling Infrastructure worth $7,636,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Sterling Infrastructure by 30.0% in the fourth quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company's stock valued at $425,135,000 after buying an additional 581,847 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Sterling Infrastructure by 1,088.1% during the 3rd quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company's stock worth $51,561,000 after acquiring an additional 325,620 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Sterling Infrastructure during the 4th quarter worth about $47,712,000. Invesco Ltd. lifted its stake in Sterling Infrastructure by 22.5% during the 4th quarter. Invesco Ltd. now owns 757,273 shares of the construction company's stock worth $127,563,000 after acquiring an additional 139,081 shares in the last quarter. Finally, Axiom Investors LLC DE purchased a new position in Sterling Infrastructure in the fourth quarter valued at $20,373,000. Hedge funds and other institutional investors own 80.95% of the company's stock.

Sterling Infrastructure Stock Up 0.2 %

Shares of STRL traded up $0.29 during midday trading on Wednesday, reaching $141.29. 1,098,974 shares of the company were exchanged, compared to its average volume of 449,206. Sterling Infrastructure, Inc. has a 1-year low of $93.50 and a 1-year high of $206.07. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 23.87, a P/E/G ratio of 1.28 and a beta of 1.19. 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 stock has a 50-day moving average price of $124.49 and a 200-day moving average price of $154.63.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on STRL shares. William Blair began coverage on Sterling Infrastructure in a report on Friday, January 17th. They issued an "outperform" rating for the company. DA Davidson upgraded shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price for the company in a research note on Thursday, February 27th. Finally, StockNews.com downgraded Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th.

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.