Victory Capital Management Inc. Decreases Stake in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Victory Capital Management Inc. lessened its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 21.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,786 shares of the construction company’s stock after selling 13,075 shares during the quarter. Victory Capital Management Inc. owned about 0.15% of Sterling Infrastructure worth $7,881,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quarry LP boosted its stake in shares of 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 buying an additional 143 shares during the last quarter. Huntington National Bank boosted its stake in shares of 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 buying an additional 213 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Sterling Infrastructure during the 4th quarter valued at approximately $39,000. Arcadia Investment Management Corp MI acquired a new stake in shares of Sterling Infrastructure during the 4th quarter valued at approximately $71,000. Finally, Private Trust Co. NA acquired a new stake in shares of Sterling Infrastructure during the 3rd quarter valued at approximately $78,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Insider Activity at Sterling Infrastructure

In related news, Director Dana C. O’brien sold 2,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total value of $351,780.00. Following the completion of the sale, the director now directly owns 25,901 shares of the company’s stock, valued at approximately $4,555,726.89. This represents a 7.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.80% of the stock is currently owned by corporate insiders.

Sterling Infrastructure Trading Up 3.0 %

Shares of STRL stock opened at $121.37 on Friday. The stock has a 50-day simple moving average of $144.56 and a 200 day simple moving average of $155.19. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two week high of $206.07. The stock has a market capitalization of $3.71 billion, a P/E ratio of 20.50, a P/E/G ratio of 1.28 and a beta of 1.32. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41.

Wall Street Analysts Forecast Growth

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