Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D reduced its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 32.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,257 shares of the construction company’s stock after selling 5,472 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Sterling Infrastructure were worth $1,896,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Principal Securities Inc. raised its holdings in shares of Sterling Infrastructure by 91.6% in the 4th quarter. Principal Securities Inc. now owns 1,270 shares of the construction company’s stock worth $214,000 after purchasing an additional 607 shares during the period. Little House Capital LLC lifted its position in Sterling Infrastructure by 2.7% during the fourth quarter. Little House Capital LLC now owns 7,758 shares of the construction company’s stock valued at $1,307,000 after buying an additional 203 shares in the last quarter. Rhumbline Advisers grew its stake in Sterling Infrastructure by 1.0% during the fourth quarter. Rhumbline Advisers now owns 46,500 shares of the construction company’s stock worth $7,833,000 after buying an additional 479 shares during the period. Blue Trust Inc. raised its stake in shares of Sterling Infrastructure by 37.1% in the 4th quarter. Blue Trust Inc. now owns 1,708 shares of the construction company’s stock valued at $288,000 after acquiring an additional 462 shares during the period. Finally, Vontobel Holding Ltd. purchased a new stake in shares of Sterling Infrastructure during the 4th quarter valued at about $223,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the company’s stock in a transaction that occurred on 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 owns 25,901 shares of the company’s stock, valued at $4,555,726.89. This represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.70% of the company’s stock.

Sterling Infrastructure Price Performance

Shares of NASDAQ:STRL opened at $108.65 on Tuesday. The company’s fifty day moving average is $159.33 and its two-hundred day moving average is $155.01. The company has a market cap of $3.34 billion, a P/E ratio of 18.35, a price-to-earnings-growth ratio of 1.28 and a beta of 1.24. Sterling Infrastructure, Inc. has a 12-month low of $87.90 and a 12-month high of $206.07. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. William Blair initiated coverage on shares of Sterling Infrastructure in a research report on Friday, January 17th. They issued an “outperform” rating for the company. StockNews.com raised Sterling Infrastructure from a “hold” rating to a “buy” rating in a research note on Thursday, February 20th.

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.