Bokf Na Sells 31,884 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

BOKF NA lessened its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 88.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,152 shares of the construction company's stock after selling 31,884 shares during the period. BOKF NA's holdings in Sterling Infrastructure were worth $679,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Sterling Infrastructure by 30.0% in the 4th quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company's stock valued at $425,135,000 after acquiring an additional 581,847 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Sterling Infrastructure by 1,088.1% in the 3rd quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company's stock valued at $51,561,000 after purchasing an additional 325,620 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Sterling Infrastructure in the fourth quarter valued at about $47,712,000. Capital Research Global Investors boosted its position in shares of Sterling Infrastructure by 78.5% during the fourth quarter. Capital Research Global Investors now owns 574,976 shares of the construction company's stock worth $96,855,000 after buying an additional 252,934 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Sterling Infrastructure by 74.1% during the fourth quarter. First Trust Advisors LP now owns 356,339 shares of the construction company's stock worth $60,025,000 after buying an additional 151,642 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

STRL has been the topic of several research reports. William Blair started coverage on Sterling Infrastructure in a research note on Friday, January 17th. They issued an "outperform" rating on the stock. 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 report on Thursday, February 27th. Finally, StockNews.com downgraded shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th.

Sterling Infrastructure Stock Up 3.1%

STRL traded up $5.53 on Monday, hitting $183.27. 569,193 shares of the company were exchanged, compared to its average volume of 497,295. The stock's fifty day moving average is $133.58 and its 200-day moving average is $154.59. Sterling Infrastructure, Inc. has a 12 month low of $93.50 and a 12 month high of $206.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market cap of $5.57 billion, a PE ratio of 30.96, a PEG ratio of 1.28 and a beta of 1.27.

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.