Asset Management One Co. Ltd. Purchases 2,156 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Asset Management One Co. Ltd. increased its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 6.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,671 shares of the construction company’s stock after buying an additional 2,156 shares during the period. Asset Management One Co. Ltd. owned 0.12% of Sterling Infrastructure worth $6,499,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of STRL. Quarry LP raised its stake in Sterling Infrastructure by 510.7% during the third quarter. Quarry LP now owns 171 shares of the construction company’s stock worth $25,000 after buying an additional 143 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Sterling Infrastructure during the third quarter worth $26,000. Huntington National Bank raised its stake in Sterling Infrastructure by 21,300.0% during the third quarter. Huntington National Bank now owns 214 shares of the construction company’s stock worth $31,000 after buying an additional 213 shares during the last quarter. Signaturefd LLC raised its stake in Sterling Infrastructure by 119.3% during the third quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock worth $43,000 after buying an additional 161 shares during the last quarter. Finally, Private Trust Co. NA bought a new position in Sterling Infrastructure during the third quarter worth $78,000. Institutional investors own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

STRL has been the subject of a number of analyst reports. StockNews.com downgraded shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. William Blair started coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an “outperform” rating for the company.

Insider Buying and Selling at Sterling Infrastructure

In other news, Director Dana C. O’brien sold 2,000 shares of Sterling Infrastructure stock in a transaction dated 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. This trade represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.70% of the company’s stock.

Sterling Infrastructure Trading Down 1.3 %

STRL opened at $130.63 on Wednesday. Sterling Infrastructure, Inc. has a 1-year low of $81.25 and a 1-year high of $206.07. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The company has a market cap of $4.01 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 1.53 and a beta of 1.24. The company has a fifty day moving average price of $165.50 and a two-hundred day moving average price of $154.43.

Sterling Infrastructure 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.