Tower Research Capital LLC TRC Reduces Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Tower Research Capital LLC TRC lessened its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 76.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 806 shares of the construction company's stock after selling 2,680 shares during the period. Tower Research Capital LLC TRC's holdings in Sterling Infrastructure were worth $136,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Huntington National Bank increased its stake in shares of Sterling Infrastructure by 34.6% in the 4th quarter. Huntington National Bank now owns 288 shares of the construction company's stock valued at $49,000 after acquiring an additional 74 shares during the last quarter. Kovack Advisors Inc. raised its stake in Sterling Infrastructure by 3.2% in the fourth quarter. Kovack Advisors Inc. now owns 2,914 shares of the construction company's stock valued at $491,000 after buying an additional 91 shares during the period. Willis Investment Counsel boosted its position in Sterling Infrastructure by 1.4% during the fourth quarter. Willis Investment Counsel now owns 7,535 shares of the construction company's stock worth $1,269,000 after purchasing an additional 101 shares during the period. Xponance Inc. grew its stake in Sterling Infrastructure by 6.5% in the 4th quarter. Xponance Inc. now owns 2,144 shares of the construction company's stock valued at $361,000 after buying an additional 131 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Sterling Infrastructure by 7.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,980 shares of the construction company's stock worth $334,000 after purchasing an additional 137 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Sterling Infrastructure Price Performance

Sterling Infrastructure stock traded down $1.68 during midday trading on Friday, reaching $177.74. 495,285 shares of the stock were exchanged, compared to its average volume of 497,006. The firm has a market cap of $5.41 billion, a PE ratio of 30.02, a PEG ratio of 1.28 and a beta of 1.27. 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's fifty day moving average is $133.58 and its 200-day moving average is $154.58. Sterling Infrastructure, Inc. has a 52 week low of $93.50 and a 52 week high of $206.07.

Analyst Ratings Changes

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

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.