Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 25.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 94,353 shares of the construction company’s stock after selling 31,635 shares during the quarter. Russell Investments Group Ltd.’s holdings in Sterling Infrastructure were worth $15,894,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in STRL. Vanguard Group Inc. boosted its holdings in Sterling Infrastructure by 30.0% in the fourth 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 during the last quarter. Geode Capital Management LLC grew its holdings in Sterling Infrastructure by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 719,980 shares of the construction company’s stock worth $104,431,000 after acquiring an additional 3,918 shares in the last quarter. State Street Corp increased its holdings in 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 during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Sterling Infrastructure by 7.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company’s stock valued at $111,873,000 after acquiring an additional 49,008 shares in the last quarter. Finally, GW&K Investment Management LLC raised its holdings in shares of Sterling Infrastructure by 3.4% during the fourth quarter. GW&K Investment Management LLC now owns 363,251 shares of the construction company’s stock worth $61,190,000 after purchasing an additional 12,064 shares during the period. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

STRL has been the subject of a number of analyst reports. 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. William Blair began coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They set an “outperform” rating for the company. Finally, StockNews.com lowered shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a research note on Wednesday.

Sterling Infrastructure Stock Up 18.2 %

Sterling Infrastructure stock opened at $134.53 on Thursday. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 22.72, a P/E/G ratio of 1.28 and a beta of 1.19. The firm has a fifty day moving average price of $124.93 and a two-hundred day moving average price of $154.88. 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 fifty-two week low of $93.50 and a fifty-two week high of $206.07.

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.