Sterling Infrastructure, Inc. (NASDAQ:STRL) Holdings Decreased by Boothbay Fund Management LLC

Boothbay Fund Management LLC cut its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 36.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,438 shares of the construction company's stock after selling 5,414 shares during the quarter. Boothbay Fund Management LLC's holdings in Sterling Infrastructure were worth $1,590,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STRL. SBI Securities Co. Ltd. bought a new stake in Sterling Infrastructure in the fourth quarter worth about $39,000. Huntington National Bank raised its holdings 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 buying an additional 74 shares during the period. National Bank of Canada FI acquired a new stake in Sterling Infrastructure during the 4th quarter worth about $56,000. Arcadia Investment Management Corp MI acquired a new stake in Sterling Infrastructure during the 4th quarter worth about $71,000. Finally, Venturi Wealth Management LLC raised its holdings in Sterling Infrastructure by 1,369.0% during the 4th quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company's stock worth $104,000 after buying an additional 575 shares during the period. 80.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

STRL has been the topic of several recent analyst reports. William Blair started coverage on Sterling Infrastructure in a report on Friday, January 17th. They set an "outperform" rating on the stock. StockNews.com cut Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th. Finally, DA Davidson raised Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a research note on Thursday, February 27th.

Sterling Infrastructure Trading Down 1.4 %

NASDAQ:STRL opened at $149.56 on Tuesday. The stock has a market cap of $4.55 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 1.28 and a beta of 1.19. The stock's 50-day moving average is $125.21 and its two-hundred day moving average is $154.19. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two 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.

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.

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