Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Acquired by Navellier & Associates Inc.

Navellier & Associates Inc. raised its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 67.2% during the fourth quarter, HoldingsChannel reports. The firm owned 5,023 shares of the construction company’s stock after purchasing an additional 2,018 shares during the quarter. Navellier & Associates Inc.’s holdings in Sterling Infrastructure were worth $846,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Chartwell Investment Partners LLC increased its stake in Sterling Infrastructure by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 8,958 shares of the construction company’s stock valued at $1,299,000 after purchasing an additional 70 shares in the last quarter. Willis Investment Counsel increased its stake in Sterling Infrastructure by 1.4% during the 4th quarter. Willis Investment Counsel now owns 7,535 shares of the construction company’s stock valued at $1,269,000 after purchasing an additional 101 shares in the last quarter. Quarry LP increased its stake in Sterling Infrastructure by 510.7% during the 3rd quarter. Quarry LP now owns 171 shares of the construction company’s stock valued at $25,000 after purchasing an additional 143 shares in the last quarter. Signaturefd LLC increased its stake in Sterling Infrastructure by 119.3% during the 3rd quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock valued at $43,000 after purchasing an additional 161 shares in the last quarter. Finally, Aprio Wealth Management LLC increased its stake in Sterling Infrastructure by 5.4% during the 4th quarter. Aprio Wealth Management LLC now owns 3,161 shares of the construction company’s stock valued at $532,000 after purchasing an additional 161 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Insider Activity

In related news, Director Dana C. O’brien sold 2,000 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total transaction of $351,780.00. Following the sale, the director now directly owns 25,901 shares of the company’s stock, valued at approximately $4,555,726.89. This represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on STRL shares. William Blair started coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They issued an “outperform” rating on the stock. StockNews.com raised shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Thursday.

Sterling Infrastructure Stock Down 6.4 %

STRL stock opened at $116.29 on Friday. The firm’s fifty day simple moving average is $160.76 and its 200-day simple moving average is $154.64. The company has a market capitalization of $3.57 billion, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 1.28 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. Sterling Infrastructure, Inc. has a 12 month low of $83.40 and a 12 month high of $206.07.

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.