SBI Securities Co. Ltd. Purchases Shares of 231 Sterling Infrastructure, Inc. (NASDAQ:STRL)

SBI Securities Co. Ltd. purchased a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 231 shares of the construction company’s stock, valued at approximately $39,000.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP boosted 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 during the last quarter. Capital Performance Advisors LLP acquired a new position in Sterling Infrastructure during the 3rd quarter valued at about $26,000. Huntington National Bank boosted its stake in Sterling Infrastructure by 21,300.0% during the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company’s stock valued at $31,000 after purchasing an additional 213 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in Sterling Infrastructure during the 4th quarter valued at about $71,000. Finally, Private Trust Co. NA acquired a new position in Sterling Infrastructure during the 3rd quarter valued at about $78,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

STRL has been the topic of a number of research analyst reports. DA Davidson upgraded Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a research note on Thursday, February 27th. William Blair initiated coverage on Sterling Infrastructure in a research note on Friday, January 17th. They issued an “outperform” rating on the stock. Finally, StockNews.com upgraded Sterling Infrastructure from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th.

Sterling Infrastructure Trading Up 4.2 %

Shares of STRL stock opened at $115.74 on Wednesday. The company’s fifty day simple moving average is $147.72 and its two-hundred day simple moving average is $155.70. 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 1 year low of $93.50 and a 1 year high of $206.07. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 1.28 and a beta of 1.32.

Insider Buying and Selling at Sterling Infrastructure

In other news, Director Dana C. O’brien sold 2,000 shares of the business’s 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 completion of the transaction, the director now directly owns 25,901 shares in the company, valued at $4,555,726.89. The trade was a 7.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.80% of the company’s stock.

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.