Stifel Financial Corp Sells 5,145 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Stifel Financial Corp lessened its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 22.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,273 shares of the construction company's stock after selling 5,145 shares during the quarter. Stifel Financial Corp owned about 0.06% of Sterling Infrastructure worth $3,078,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in STRL. TD Waterhouse Canada Inc. acquired a new stake in shares of Sterling Infrastructure during the 4th quarter worth approximately $436,000. MetLife Investment Management LLC raised its position in shares of Sterling Infrastructure by 4.1% during the 4th quarter. MetLife Investment Management LLC now owns 17,857 shares of the construction company's stock valued at $3,008,000 after acquiring an additional 698 shares during the last quarter. Natixis acquired a new position in shares of Sterling Infrastructure in the 4th quarter valued at $5,491,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Sterling Infrastructure in the 4th quarter worth $540,000. Finally, Capital Research Global Investors grew its stake 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 purchasing an additional 252,934 shares during the period. Institutional investors own 80.95% of the company's stock.

Sterling Infrastructure Stock Up 3.2 %

Shares of STRL stock traded up $5.29 during trading hours on Tuesday, hitting $171.95. 999,882 shares of the company were exchanged, compared to its average volume of 499,220. The company has a market capitalization of $5.23 billion, a PE ratio of 29.05, 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. Sterling Infrastructure, Inc. has a 52 week low of $93.50 and a 52 week high of $206.07. The business has a 50 day moving average of $129.29 and a two-hundred day moving average of $154.08.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on STRL. StockNews.com cut Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. William Blair started coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They set an "outperform" rating on the stock. Finally, DA Davidson raised 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.

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.