Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC cut its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 1.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,971 shares of the construction company’s stock after selling 271 shares during the period. Rice Hall James & Associates LLC’s holdings in Sterling Infrastructure were worth $2,522,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. State Street Corp grew its stake in shares of Sterling Infrastructure by 0.7% in the third quarter. State Street Corp now owns 713,234 shares of the construction company’s stock valued at $103,433,000 after buying an additional 5,106 shares in the last quarter. Bay Rivers Group purchased a new position in Sterling Infrastructure in the fourth quarter valued at $341,000. Allspring Global Investments Holdings LLC boosted its holdings in Sterling Infrastructure by 7.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company’s stock valued at $111,873,000 after purchasing an additional 49,008 shares during the period. Park Avenue Securities LLC purchased a new position in Sterling Infrastructure in the fourth quarter valued at $253,000. Finally, Spire Wealth Management boosted its holdings in Sterling Infrastructure by 265.1% in the fourth quarter. Spire Wealth Management now owns 8,792 shares of the construction company’s stock valued at $1,481,000 after purchasing an additional 6,384 shares during the period. 80.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

STRL has been the subject of a number of recent research reports. StockNews.com lowered Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. William Blair initiated coverage on Sterling Infrastructure in a report on Friday, January 17th. They issued an “outperform” rating for the company.

Sterling Infrastructure Stock Down 1.3 %

Shares of NASDAQ STRL opened at $130.63 on Wednesday. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 1.53 and a beta of 1.24. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The business has a 50-day moving average of $165.50 and a two-hundred day moving average of $154.43. Sterling Infrastructure, Inc. has a 1 year low of $81.25 and a 1 year high of $206.07.

Insiders Place Their Bets

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of Sterling Infrastructure stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total transaction of $351,780.00. Following the completion of the sale, the director now directly owns 25,901 shares of the company’s stock, valued at $4,555,726.89. The trade was a 7.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.70% of the stock is owned by company insiders.

Sterling Infrastructure Company 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.