Sterling Infrastructure, Inc. (NASDAQ:STRL) Stock Position Lowered by Lokken Investment Group LLC

Lokken Investment Group LLC lowered its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,859 shares of the construction company’s stock after selling 102 shares during the quarter. Lokken Investment Group LLC’s holdings in Sterling Infrastructure were worth $818,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. National Bank of Canada FI bought a new position in shares of Sterling Infrastructure during the 4th quarter valued at about $56,000. B. Metzler seel. Sohn & Co. AG acquired a new stake in Sterling Infrastructure during the fourth quarter valued at approximately $2,789,000. Alliancebernstein L.P. boosted its holdings in Sterling Infrastructure by 38.3% during the fourth quarter. Alliancebernstein L.P. now owns 44,470 shares of the construction company’s stock worth $7,491,000 after buying an additional 12,320 shares in the last quarter. Meeder Asset Management Inc. grew its position in Sterling Infrastructure by 126.9% in the fourth quarter. Meeder Asset Management Inc. now owns 7,752 shares of the construction company’s stock worth $1,306,000 after buying an additional 4,335 shares during the last quarter. Finally, Axiom Investors LLC DE bought a new position in shares of Sterling Infrastructure in the fourth quarter valued at $20,373,000. 80.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

STRL has been the subject of several research reports. William Blair started coverage on Sterling Infrastructure in a research note on Friday, January 17th. They set an “outperform” rating for the company. DA Davidson upgraded Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a research report on Thursday, February 27th. Finally, StockNews.com downgraded Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Monday, March 24th.

Sterling Infrastructure Trading Down 2.5 %

Sterling Infrastructure stock opened at $113.21 on Tuesday. Sterling Infrastructure, Inc. has a 52 week low of $93.50 and a 52 week high of $206.07. 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 firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 19.12, a P/E/G ratio of 1.28 and a beta of 1.32. The company has a 50 day moving average price of $133.71 and a 200 day moving average price of $156.43.

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.